Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchase for an adequate market test. The latest established market in any feeding region was last week. In the Texas Panhandle live purchases traded at 150.00. In Kansas live purchases traded from 150.00-152.00. In Nebraska live purchases traded from 153.00-155.00 with dressed purchases at 242.00. In the Western Cornbelt, live purchases traded from 152.00-155.00 and dressed purchases at 242.00.

Negotiated Sales:

Confirmed:          239

Week Ago:        1,847

Year Ago:        10,352

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,000

Weighted avg. weight:         879.00

Weighted avg. net price:     247.03

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       129,000

Week ago (est)                     129,000

Year ago (act)                       124,000

Week to Date                       257,000

Same Period Last Week     257,000

Same Period Last Year       246,000

Monday:

Steers & Heifers:        100,000

Cows & Bulls:                28,000

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Boxed Beef:

Cutout Values:

Choice: 255.38

Select:  233.62

Choice/Select Spread: 21.76

Total Load Count: 112

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Cutter Cow Cutout:

195.38

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CME Feeder Cattle Index for November 21st:

174.64… -0.72 / -0.41%

1 Year Change: +11.74%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 153.80… +0.25

February: 156.42… -0.30

April: 159.90… -0.22

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Feeder Cattle:

January: 181.67… -0.95

March: 184.57… -0.53

April: 187.92… -0.13

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February Hogs: 90.07… -0.08

January Crude Oil: 80.95… +0.91

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December Corn: 6.5675… -0.0275

December Wheat: 7.9150… -0.0775

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Grain Cash Bids:

Omaha Corn: 7.02… -0.02

Kansas City Wheat: 8.62… -0.12

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Financial Markets:

DJIA: 34,098.03… +397.16

S & P 500: 4,003.93… +53.64

NASDAQ: 11,174.41… +149.90

U.S. Dollar Index: 107.17… -0.67