Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been slow on light demand.  Compared to last week live FOB purchases traded 2.00-3.00 higher from 182.00-183.00 on a light test. In Kansas negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB purchases traded 2.00-3.00 higher from 182.00-183.00. In Nebraska negotiated cash trade has been slow on light demand. Compared to last week live FOB purchases traded steady to 1.00 higher from 184.00-185.00. With a few dressed delivered purchases at 292.00 last week dressed delivered purchases traded at 290.00. In the Western Cornbelt negotiated cash trade was slow on light to moderate demand. Compared to Thursday live FOB purchases traded steady at 185.00. With a few dressed delivered purchases at 292.00 last week dressed delivered purchases traded from 288.00-290.00.

Negotiated Sales:                                                                                               

Confirmed:       25,150

Week Ago:        14,960

Year Ago:          12,305

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,600

Weighted avg. weight:         846.00

Weighted avg. net price:     287.79

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Cattle Slaughter under Federal Inspection

Friday                 121,000

Week Ago          125,000

Year Ago            118,000

Week to Date    623,000

Last Week          508,000

Last Year            629,000 

Friday

Steers & Heifers:    99,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 305.71… -0.66

Select:  283.12… -3.74

Choice/Select Spread: 22.59

Total Load Count: 156

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Cutter Cow Cutout:

245.98… +2.17

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CME Feeder Cattle Index for September 14th:

253.39… +2.18 / +0.87%

1 Year Change: +41.95%

52 Week Range: 172.03 to 253.39

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Futures Settlements…

Live Cattle:

October: 186.92… +1.45

December: 191.82… +1.47

February: 196.32… +1.35

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Feeder Cattle:

September: 257.37… +2.20

October: 264.47… +2.60

November: 268.12… +3.27

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October Lean Hogs: 83.12… -0.23

October Crude Oil: 90.77… -0.61

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December Corn: 4.7625… -0.0425

December Wheat: 6.0425… +0.1050

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Grain Cash Bids:

Omaha Corn: 4.75… -0.11

Kansas City Wheat: 6.72… +0.10

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Financial Markets:

DJIA: 34,618.60… -288.91

S & P 500: 4,450.30… -54.88

NASDAQ: 13,708.33… -217.72

U.S. Dollar Index: 105.32… -0.09