Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Western Cornbelt, negotiated cash trade has been limited on light demand, with a few early purchases at 184.00. However not enough purchases for an adequate market test. In the Nebraska negotiated cash trade has been mostly inactive on light demand. In the Southern Plains 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:         3,790

Week Ago:          6,384

Year Ago:          10,768

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,200

Weighted avg. weight:         862.00

Weighted avg. net price:     286.62

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           126,000

Year Ago             129,000

Week to Date     378,000

Last Week          257,000

Last Year            384,000 

Tuesday

Steers & Heifers:  101,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 307.55… -0.48

Select:  287.19… +3.41

Choice/Select Spread: 20.36

Total Load Count: 142

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Cutter Cow Cutout:

244.77… -0.33

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CME Feeder Cattle Index for September 12th:

251.16… +0.28 / +0.11%

1 Year Change: +39.49%

52 Week Range: 172.03 to 251.16

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Futures Settlements…

Live Cattle:

October: 183.15… -1.00

December: 187.85… -0.60

February: 192.37… -0.25

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Feeder Cattle:

September: 253.50… -1.82

October: 259.05… -2.20

November: 261.57… -1.33

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October Lean Hogs: 83.97… -1.30

October Crude Oil: 88.52… -0.32

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December Corn: 4.8225… +0.0575

December Wheat: 5.9725… +0.0975

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Grain Cash Bids:

Omaha Corn: 4.88… +0.06

Kansas City Wheat: 6.70… +0.14

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Financial Markets:

DJIA: 34,573.59… -73.85

S & P 500: 4,466.86… +4.83

NASDAQ: 13,812.88… +39.27

U.S. Dollar Index: 104.78… +0.07