Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been at a standstill. In Kansas negotiated cash trade has been mostly inactive on light demand. In Nebraska negotiated cash trade has been slow on light to moderate demand. Compared to last week dressed delivered purchases traded steady at 292.00. There was not enough live FOB purchases for a market trend last week live FOB purchases traded from 184.00-185.00. In the Western Cornbelt negotiated cash trade has been slow on light to moderate demand. However not enough purchases for a market trend. The most recent market trend in the Southern Plains and Western Cornbelt was last week. In the Southern Plains live FOB purchases traded from 182.00-183.00. In the Western Cornbelt live FOB purchases traded from 184.00-185.00, dressed delivered purchases at 292.00.

Negotiated Sales:                                                                                               

Confirmed:     12,500

Week Ago:        3,430

Year Ago:        48,163

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,900

Weighted avg. weight:        907.00

Weighted avg. net price:     295.62

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Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          124,000

Year Ago            128,000

Week to Date    498,000

Last Week          502,000

Last Year            511,000 

Wednesday

Steers & Heifers: 99,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 301.93… +0.67

Select:  279.00… +0.32

Choice/Select Spread: 22.93

Total Load Count: 132

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Cutter Cow Cutout:

241.63… -3.94

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CME Feeder Cattle Index for September 20th:

254.09… +0.67 / +0.26%

1 Year Change: +41.36%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 184.97… -1.80

December: 189.50… -2.02

February: 194.07… -1.78

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Feeder Cattle:

September: 253.27… -0.90

October: 257.77… -2.80

November: 262.70… -2.87

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December Lean Hogs: 74.47… -3.75

November Crude Oil: 89.63… -0.03

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December Corn: 4.7525… -0.0700

December Wheat: 5.7575… -0.1300

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Grain Cash Bids:

Omaha Corn: 4.85… +0.08

Kansas City Wheat: 6.54… -0.15

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Financial Markets:

DJIA: 34,070.68… -370.20

S & P 500: 4,329.96… -72.29

NASDAQ: 13,223.98… -245.15

U.S. Dollar Index: 105.36… +0.16