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!

---

Fed Cattle: 

As of 3:00 PM Tuesday in all trading regions, negotiated cash trade has been at a standstill. 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:       617

Week Ago:        235

Year Ago:       2,139

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,300

Weighted avg. weight:         874.00

Weighted avg. net price:     291.60

-

Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          127,000

Year Ago            130,000

Week to Date    248,000

Last Week          252,000

Last Year            255,000 

Monday

Steers & Heifers: 95,000

Cows & Bulls:       26,000

-

Boxed Beef:

Cutout Values:

Choice: 302.12… -3.20

Select:  281.78… -1.63

Choice/Select Spread: 20.34

Total Load Count: 165

-

Cutter Cow Cutout:

244.96… +1.16

-

CME Feeder Cattle Index for September 18th:

252.87… +0.12 / +0.05%

1 Year Change: +41.90%

52 Week Range: 172.03 to 253.39

-

Futures Settlements…

Live Cattle:

October: 185.67… -0.65

December: 190.47… -0.53

February: 194.92… -0.83

-

Feeder Cattle:

September: 253.50… -0.75

October: 259.35… -1.60

November: 265.02… -0.40

-

December Lean Hogs: 76.25… +1.83

October Crude Oil: 91.20… -0.28

-

December Corn: 4.7625… -0.0475

December Wheat: 5.8400… -0.0725

-

Grain Cash Bids:

Omaha Corn: 4.73… +0.02

Kansas City Wheat: 6.56… -0.04

-

Financial Markets:

DJIA: 34,518.26… -106.01

S & P 500: 4,444.04… -9.49

NASDAQ: 13,678.19… -32.05

U.S. Dollar Index: 105.14… -0.06