Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday in Kansas and Nebraska negotiated cash trade has been at a standstill on very light demand. In the Texas Panhandle negotiated cash trade has been mostly inactive on very light demand. In the Western Cornbelt negotiated cash trade has been limited 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:     2,105

Week Ago:      1,572

Year Ago:        9,542

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:         881.00

Weighted avg. net price:     290.84

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Cattle Slaughter under Federal Inspection

Wednesday      125,000

Week Ago          118,000

Year Ago            127,000

Week to Date    375,000

Last Week          364,000

Last Year            377,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 315.11… +0.75

Select:  289.53… -0.15

Choice/Select Spread: 25.58

Total Load Count: 107

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Cutter Cow Cutout:

243.10… -1.64

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CME Feeder Cattle Index for August 29th:

249.15… +0.03 / +0.01%

1 Year Change: +36.12%

52 Week Range: 172.03 to 249.15

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Futures Settlements…

Live Cattle:

August: 178.80… -2.20

October: 180.05… -1.42

December: 184.22… -1.65

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Feeder Cattle:

August: 250.05… -0.65

September: 252.62… -1.40

October: 255.22… -1.53

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October Lean Hogs: 83.60… +2.88

October Crude Oil: 81.63… +0.47

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December Corn: 4.8075… -0.0600

December Wheat: 6.0700… +0.0650

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Grain Cash Bids:

Omaha Corn: 5.32… -0.08

Kansas City Wheat: 6.52… +0.02

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Financial Markets:

DJIA: 34,890.77… +37.90

S & P 500: 4,515.00… +17.23

NASDAQ: 14,019.31… +75.55

U.S. Dollar Index: 103.20… -0.33