Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB has been steady to 1.00 higher at 179.00. In Kansas negotiated cash trade has been slow to moderate on moderate demand. Compared to last week live FOB has been steady to 1.00 lower from 178.00-179.00. In Nebraska negotiated cash has been moderate on trade and demand. Compared to last week early live FOB purchase has been trading 2.00-3.00 lower at 182.00, with a few live delivered purchases at 186.50. Compared to last week dressed delivered purchases trading 2.00-3.00 lower from 290.00-292.00. In the Western Cornbelt negotiated cash has been slow to moderate on moderate demand. Compared to last week early live FOB purchases has been trading 1.00 lower from 184.00-185.00, with a few dressed delivered purchases traded mostly at 290.00 however not enough for a market test. The latest established market was last week with dressed delivered purchases traded mostly at 292.00 on a light test.

Negotiated Sales:

Confirmed:     30,911

Week Ago:      20,510

Year Ago:          9,130

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,300

Weighted avg. weight:         902.00

Weighted avg. net price:     291.68

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Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          124,000

Year Ago            125,000

Week to Date    499,000

Last Week          488,000

Last Year            502,000 

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 313.79… -1.32

Select:  289.25… -0.28

Choice/Select Spread: 24.54

Total Load Count: 105

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Cutter Cow Cutout:

242.96… -0.14

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CME Feeder Cattle Index for August 30th:

248.95… -0.20 / -0.08%

1 Year Change: +36.02%

52 Week Range: 172.03 to 249.15

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Futures Settlements…

Live Cattle:

August: 179.72… +0.92

October: 180.82… +0.77

December: 184.80… +0.58

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Feeder Cattle:

August: 249.10… -0.95

September: 253.27… +0.65

October: 256.02… +0.80

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October Lean Hogs: 82.55… -1.05

October Crude Oil: 83.63… +2.00

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December Corn: 4.7825… -0.0250

December Wheat: 6.0200… -0.0500

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Grain Cash Bids:

Omaha Corn: 5.24… -0.08

Kansas City Wheat: 6.47… -0.05

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Financial Markets:

DJIA: 34,721.16… -169.61

S & P 500: 4,507.54… -7.46

NASDAQ: 14,034.97… +15.66

U.S. Dollar Index: 103.60… +0.44