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!

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Fed Cattle:  As of 3:00 PM Tuesday in Southern Plains and Nebraska, negotiated cash has been at a standstill on very light demand. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand, however not enough purchases for a market test in any feeding region. The latest established market in any feeding region was last week with live FOB purchases in Texas Panhandle from 178.00-179.00. Last week in Kansas live FOB purchases traded at 179.00. Last week in Nebraska live FOB purchases at 185.00, and a few live delivered purchases 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 live FOB purchases traded from 182.00-187.00 and dressed delivered purchases traded mostly at 292.00 on a light test.

Negotiated Sales:

Confirmed:       431

Week Ago:        209

Year Ago:        5,608

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,700

Weighted avg. weight:         865.00

Weighted avg. net price:     294.18

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Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago          124,000

Year Ago            127,000

Week to Date    250,000

Last Week          246,000

Last Year            250,000 

Monday

Steers & Heifers:  100,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 314.36… -2.68

Select:  289.68… -2.41

Choice/Select Spread: 24.68

Total Load Count: 107

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Cutter Cow Cutout:

244.74… +0.65

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CME Feeder Cattle Index for August 28th:

249.12… +1.29 / +0.52%

1 Year Change: +36.13%

52 Week Range: 172.03 to 249.12

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Futures Settlements…

Live Cattle:

August: 181.00… +0.30

October: 181.47… -0.08

December: 185.87… +0.22

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Feeder Cattle:

August: 250.70… +0.45

September: 254.02… -0.25

October: 256.70… -0.32

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October Lean Hogs: 80.72… -1.13

October Crude Oil: 81.16… +1.03

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December Corn: 4.8675… -0.0950

December Wheat: 6.0050… -0.1650

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Grain Cash Bids:

Omaha Corn: 5.40… -0.19

Kansas City Wheat: 6.50… -0.23

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Financial Markets:

DJIA: 34,852.87… +292.79

S & P 500: 4,497.77… +64.49

NASDAQ: 13,943.76… +238.63

U.S. Dollar Index: 103.42… -0.64