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 the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade is mostly inactive on light demand. The most recent market trend in any region was last week. In the Southern Plains live FOB purchases traded from 182.00-183.00. Last week in Nebraska live FOB purchases traded from 184.00-185.00, with dressed delivered purchases trading at 292.00. In the Western Cornbelt live FOB purchases traded at 185.00, dressed delivered purchases traded at 292.00.

Negotiated Sales:                                                                                               

Confirmed:       190

Week Ago:        308

Year Ago:          348

Formula Net - Dressed Steers & Heifers:

Head count priced today:   45,400

Weighted avg. weight:        882.00

Weighted avg. net price:     290.23

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Cattle Slaughter under Federal Inspection

Monday             121,000

Week Ago          125,000

Year Ago            125,000

Friday

Steers & Heifers: 95,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 305.32… -0.39

Select:  283.41… +0.29

Choice/Select Spread: 21.91

Total Load Count: 113

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Cutter Cow Cutout:

245.98

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CME Feeder Cattle Index for September 15th:

252.75… -0.64 / -0.25%

1 Year Change: +42.06%

52 Week Range: 172.03 to 253.39

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Futures Settlements…

Live Cattle:

October: 186.32… -0.60

December: 191.00… -0.82

February: 195.75… -0.57

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Feeder Cattle:

September: 254.25… -3.12

October: 260.95… -3.52

November: 265.42… -2.70

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October Lean Hogs: 83.25… +0.13

October Crude Oil: 91.48… +0.71

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December Corn: 4.7150… -0.0475

December Wheat: 5.9125… -0.1300

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Grain Cash Bids:

Omaha Corn: 4.71… -0.04

Kansas City Wheat: 6.60… -0.12

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Financial Markets:

DJIA: 34,624.27… +5.67

S & P 500: 4,453.53… +3.23

NASDAQ: 13,710.24… +1.91

U.S. Dollar Index: 105.15… -0.17