Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash has been at a standstill. In Nebraska and the Western Cornbelt negotiated cash has been limited on very light demand. However not enough trade for a market test. In all regions the latest established market was last week. In the Texas Panhandle live FOB purchases traded at 179.00. In Kansas live FOB traded from 178.00-179.00. In Nebraska with live FOB purchases traded at 182.00 and dressed delivered purchases traded from 290.00-292.00. In the Western Cornbelt live FOB purchases traded from 183.00-185.00 and dressed delivered purchases traded at 290.00 on a light test.

Negotiated Sales:

Confirmed:          690

Week Ago:           431

Year Ago:               72

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,300

Weighted avg. weight:         866.00

Weighted avg. net price:     290.22

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Cattle Slaughter under Federal Inspection

Monday                 3,000

Week Ago          125,000

Year Ago                 4,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 315.48… +0.99

Select:  289.54… -0.75

Choice/Select Spread: 25.94

Total Load Count: 109

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Cutter Cow Cutout:

243.06… -1.07

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CME Feeder Cattle Index for September 4th:

247.81… -1.12 / -0.45%

1 Year Change: +37.99%

52 Week Range: 172.03 to 249.15

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Futures Settlements…

Live Cattle:

October: 179.95… -0.20

December: 184.15… -0.02

February: 188.47… +0.15

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Feeder Cattle:

September: 251.37… -0.48

October: 254.30… +0.35

November: 256.20… -0.17

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October Lean Hogs: 83.17… +0.12

October Crude Oil: 86.69… +1.14

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December Corn: 4.8600… +0.0450

December Wheat: 5.9925… +0.0375

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Grain Cash Bids:

Omaha Corn: 5.06… -0.16

Kansas City Wheat: 6.50… +0.07

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Financial Markets:

DJIA: 34,642.10… -196.37

S & P 500: 4,496.79… -18.98

NASDAQ: 14,020.95… -10.96

U.S. Dollar Index: 104.78… +0.54