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 Nebraska, trade has been mostly inactive on light demand. In the Southern Plains and Western Cornbelt negotiated cash trade has been at a standstill. 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:          255

Week Ago:           690

Year Ago:             888

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:         868.00

Weighted avg. net price:     290.60

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Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          128,000

Year Ago            129,000

Week to Date    252,000

Last Week          131,000

Last Year            255,000 

Monday

Steers & Heifers:  100,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 308.03… -2.08

Select:  283.78… -1.66

Choice/Select Spread: 24.25

Total Load Count: 130

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Cutter Cow Cutout:

245.10… +1.32

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CME Feeder Cattle Index for September 11th:

250.88… +0.46 / +0.18%

1 Year Change: +39.33%

52 Week Range: 172.03 to 250.88

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Futures Settlements…

Live Cattle:

October: 184.15… -0.07

December: 188.45… +0.18

February: 192.62… -0.10

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Feeder Cattle:

September: 255.32… -0.90

October: 261.25… -0.20

November: 262.90… +0.15

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October Lean Hogs: 85.27… +2.72

October Crude Oil: 88.84… +1.55

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December Corn: 4.7650… -0.0925

December Wheat: 5.8750… +0.0300

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Grain Cash Bids:

Omaha Corn: 4.82… -0.08

Kansas City Wheat: 6.56… +0.07

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Financial Markets:

DJIA: 34,647.44… -16.44

S & P 500: 4,462.03… -25.65

NASDAQ: 13,773.61… -146.74

U.S. Dollar Index: 104.73… +0.17