Texas Daily Ag Market News Summary

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

Fed Cattle:  As of 3:00 PM Monday in the Western Cornbelt, negotiated cash trade has been slow on very light demand, however not enough purchases for a market test. Negotiated cash trade has been at a standstill in all other feeding regions. The latest established market in any feeding region was last week, with live FOB purchases in the Texas Panhandle from 178.00-179.00. Last week in Kansas live FOB purchases traded at 179.00. In Nebraska last week live FOB purchases traded mostly from 184.00-185.00, with a few live delivered purchases traded at 189.50. Dressed delivered purchases traded from 292.00-295.00, with a few dressed FOB purchases traded at 295.00. In the Western Cornbelt for last week FOB purchases traded from 185.00-186.00 a few up to 187.00, with a few dressed delivered purchases at 292.00 on a light test.

Negotiated Sales:

Confirmed:       279

Week Ago:          39

Year Ago:       1,341

Formula Net - Dressed Steers & Heifers:

Head count priced today:    32,500

Weighted avg. weight:         865.00

Weighted avg. net price:     290.11

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          122,000

Year Ago           123,000

Friday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 317.04… -0.86

Select:  292.09… -0.58

Choice/Select Spread: 24.95

Total Load Count: 92

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Cutter Cow Cutout:

244.09... +3.58

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CME Feeder Cattle Index for August 25th:

247.83… +2.24 / +0.91%

1 Year Change: +35.31%

52 Week Range: 172.03 to 247.83

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Futures Settlements…

Live Cattle:

August: 180.70… +0.03

October: 181.55… +0.38

December: 185.65… +0.53

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Feeder Cattle:

August: 250.25… +2.63

September: 254.27… +3.07

October: 257.02… +3.05

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October Lean Hogs: 81.85… +2.03

October Crude Oil: 80.13… +0.30

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December Corn: 4.9625… +0.0825

December Wheat: 6.1700… -0.0475

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Grain Cash Bids:

Omaha Corn: 5.59… +0.09

Kansas City Wheat: 6.73… -0.16

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Financial Markets:

DJIA: 34,560.08… +213.12

S & P 500: 4,433.28… +27.55

NASDAQ: 13,705.13… +114.48

U.S. Dollar Index: 104.01… -0.07