Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 182.00. Last week in Nebraska live FOB purchases traded form 183.00-184.00. The most recent dressed delivered purchase market was last week from 288.00-290.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded form 183.00-184.00. The most recent dressed delivered purchase market was last week at 290.00.

Negotiated Sales:                                                                                               

Confirmed:              916

Week Ago:          15,880

Year Ago:              1,399

Formula Net - Dressed Steers & Heifers:

Head count priced today:    40,700

Weighted avg. weight:         879.00

Weighted avg. net price:     297.84

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Cattle Slaughter under Federal Inspection

Tuesday             128,000

Week Ago          125,000

Year Ago            129,000

Week to Date    253,000

Last Week          250,000

Last Year            255,000 

Monday

Steers & Heifers: 99,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 301.06... -2.36

Select:  276.15... -1.35

Choice/Select Spread: 24.91

Total Load Count: 217

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Cutter Cow Cutout:

240.65… +5.25

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CME Feeder Cattle Index for October 9th:

250.26… +0.53 / +0.21%

1 Year Change: +43.33%

52 Week Range: 172.03 to 254.09

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Futures Settlements…

Live Cattle:

October: 182.57… +0.20

December: 185.00… -0.35

February: 189.32… -0.30

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Feeder Cattle:

October: 247.95… +1.05

November: 250.34… +0.69

January: 251.85… Unchanged

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December Lean Hogs: 71.42… -1.05

November Crude Oil: 85.97… -0.41

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December Corn: 4.8550… -0.0275

December Wheat: 5.5850… -0.1425

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Grain Cash Bids:

Omaha Corn: 4.71… -0.02

Kansas City Wheat: 5.96… -0.15

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Financial Markets:

DJIA: 33,739.43… +135.54

S & P 500: 4,357.35… +23.04

NASDAQ: 13,562.84… +80.40

U.S. Dollar Index: 105.77… -0.31