Texas Daily Ag Market Summary

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains and Colorado has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains, Nebraska and Colorado live purchases traded at 132.00, and dressed purchases, in Nebraska, traded at 207.00. For the prior week in the Western Cornbelt live and dressed purchases traded from 130.00-132.00 and at 207.00, respectively.

Negotiated Sales:

Confirmed:      235   

Week Ago:    2,490

Year Ago:        441

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,000

Weighted avg. weight:       889.00

Weighted avg. net price:    207.23

Cattle Slaughter under Federal Inspection:

Monday (est)                        121,000

Week ago (est)                     121,000

Year ago (act)                       120,000

Friday

Steers & Heifers:  90,000

Cows & Bulls:       25,000

Boxed Beef:

Cutout Values:

Choice: 283.20… -1.10

Select:  267.28… -2.25

Choice/Select Spread: 15.92

Total Load Count: 112

Cutter Cow Cutout:

231.42... +0.81

CME Feeder Cattle Index for November 12th:

155.43… +0.37 / +0.24%

1 Year Change: +12.89%

52 Week Range: 130.15 to 159.56

Futures Settlements…

Live Cattle:

December: 131.77… -0.35

February: 136.32… +0.22

April: 139.97… +0.07

Feeder Cattle:

November: 155.92… -0.33

January: 158.47… +0.75

March: 159.87… +0.70

December Hogs: 75.80… -0.07

December Crude Oil: 80.88… +0.09

December Corn: 5.7650… -0.0075

December Wheat: 8.2625… +0.0925

Grain Cash Bids:

Omaha Corn: 5.67… Unchanged

Kansas City Wheat: 8.06… +0.03

Financial Markets:

DJIA: 36,088.18… -21.05

S & P 500: 4,682.97… +0.18

NASDAQ: 15,846.79… -12.44

U.S. Dollar Index: 95.54… +0.41