Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in Southern Plains, negotiated cash trade has been at a standstill. In Nebraska negotiated cash trade has been slow on light demand, with a few early purchases at 186.00. However not enough purchases for a market trend. In the Western Cornbelt negotiated cash trade has been slow 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:     2,091

Week Ago:      3,790

Year Ago:        4.488

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,100

Weighted avg. weight:         878.00

Weighted avg. net price:     294.29

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Cattle Slaughter under Federal Inspection

Wednesday      126,000

Week Ago          126,000

Year Ago            128,000

Week to Date    374,000

Last Week          378,000

Last Year            383,000 

Tuesday

Steers & Heifers: 99,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 301.26… -0.86

Select:  278.68… -3.10

Choice/Select Spread: 22.58

Total Load Count: 196

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Cutter Cow Cutout:

245.57… +0.61

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CME Feeder Cattle Index for September 19th:

253.42… +0.55 / +0.22%

1 Year Change: +42.21%

52 Week Range: 172.03 to 253.42

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Futures Settlements…

Live Cattle:

October: 186.77… +1.10

December: 191.52… +1.05

February: 195.85… +0.93

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Feeder Cattle:

September: 254.17… +0.67

October: 260.57… +1.22

November: 265.57… +0.55

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December Lean Hogs: 78.22… +1.97

October Crude Oil: 90.28… -0.92

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December Corn: 4.8225… +0.0600

December Wheat: 5.8875… +0.0475

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Grain Cash Bids:

Omaha Corn: 4.77… +0.04

Kansas City Wheat: 6.69… +0.05

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Financial Markets:

DJIA:

34,440.88… -77.38

S & P 500: 4,402.25… -41.79

NASDAQ: 13,469.13… -209.06

U.S. Dollar Index: 105.33… -0.13