Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Friday in Southern Plains, negotiated cash trade has been inactive on light demand. The most recent reported market was Thursday with live FOB purchases at 183.00. In Nebraska negotiated cash trade has been slow on light demand the most recent reported market was Thursday with live FOB purchases from 184.00-185.00, with dressed delivered purchases at 292.00. In the Western Cornbelt negotiated cash trade has been slow on light to moderate demand. The most recent reported market was Thursday with live FOB purchases from 185.00-186.00, with dressed delivered purchases traded at 292.00.

Negotiated Sales:                                                                                               

Confirmed:       5,869

Week Ago:        3,430

Year Ago:          9,483

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,700

Weighted avg. weight:         869.00

Weighted avg. net price:     292.55

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Cattle Slaughter under Federal Inspection

Friday                 114,000

Week Ago          121,000

Year Ago            126,000

Week to Date    612,000

Last Week          623,000

Last Year            637,000 

Thursday

Steers & Heifers: 97,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 303.33… +1.40

Select:  280.43… +1.43

Choice/Select Spread: 22.90

Total Load Count: 98

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Cutter Cow Cutout:

242.96… +1.33

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CME Feeder Cattle Index for September 21st:

253.22… -0.87 / -0.34%

1 Year Change: +40.56%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 187.07… -2.10

December: 191.35… +1.85

February: 195.55… +1.48

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Feeder Cattle:

September: 254.10… +0.83

October: 259.15… +1.38

November: 263.52… +0.82

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December Lean Hogs: 72.17… -2.30

November Crude Oil: 90.03… +0.40

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December Corn: 4.7725… +0.0200

December Wheat: 5.7950… +0.0375

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Grain Cash Bids:

Omaha Corn: 4.87… +0.02

Kansas City Wheat: 6.56… +0.02

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Financial Markets:

DJIA: 33,963.51… -107.17

S & P 500: 4,319.93… -10.03

NASDAQ: 13,209.54… -14.44

U.S. Dollar Index: 105.59… +0.23