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 Monday in all trading regions, trade has been mostly inactive on light demand. The most recent market test in all trading regions was last week. In the Southern Plains live FOB purchases traded at 180.00. In Nebraska live FOB purchases traded from 183.00-184.00 and dressed delivered purchases traded at 290.00. In the Western Cornbelt live FOB purchases traded from 183.00-184.00 and dressed delivered purchases traded from 288.00-290.00.

Negotiated Sales:                                                                                               

Confirmed:          308

Week Ago:         None

Year Ago:              117

Formula Net - Dressed Steers & Heifers:

Head count priced today:   54,800

Weighted avg. weight:         862.00

Weighted avg. net price:     286.18

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago              3,000

Year Ago            126,000

Friday

Steers & Heifers:  100,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 310.11… -2.79

Select:  285.44… -0.61

Choice/Select Spread: 24.67

Total Load Count: 126

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Cutter Cow Cutout:

243.78… Unchanged

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CME Feeder Cattle Index for September 8th:

250.42… +1.21 / +0.49%

1 Year Change: +38.42%

52 Week Range: 172.03 to 250.42

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Futures Settlements…

Live Cattle:

October: 184.22… +1.00

December: 188.27… +0.85

February: 192.72… +1.02

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Feeder Cattle:

September: 256.22… +0.87

October: 261.45… +2.30

November: 262.75… +2.13

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October Lean Hogs: 82.55… +1.03

October Crude Oil: 87.29… -0.22

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December Corn: 4.8575… +0.0200

December Wheat: 5.8450… -0.1125

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Grain Cash Bids:

Omaha Corn: 4.90… -0.09

Kansas City Wheat: 6.49… -0.12

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Financial Markets:

DJIA: 34,666.88… +89.60

S & P 500: 4,487.68… +30.09

NASDAQ: 13,920.35… +158.82

U.S. Dollar Index: 104.56… -0.53