Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 185.00. Last week in Kansas live FOB purchases traded from 184.00-185.00. In Nebraska negotiated cash trade has been inactive on light demand. Last week in Nebraska live cash purchases from 186.00- 187.00 and dressed delivered purchases at 294.00. In the Western Cornbelt negotiated cash trade has been slow on light demand, a few live FOB purchases at 183.00. However not enough purchase for a market trend. The most recent market was Monday with live cash purchases traded from 183.00- 185.00. Last week dressed delivered purchases at 294.00.

Negotiated Sales:                                                                                               

Confirmed:    3,956

Week Ago:        637

Year Ago:           208

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,100

Weighted avg. weight:        897.00

Weighted avg. net price:    294.23

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Cattle Slaughter under Federal Inspection

Tuesday             126,000

Week Ago          127,000

Year Ago            131,000

Week to Date    251,000

Last Week          251,000

Last Year            257,000 

Monday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 305.98… +1.44

Select:  284.00… +2.98

Choice/Select Spread: 21.98

Total Load Count: 101

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Cutter Cow Cutout:

233.08… +0.73

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CME Feeder Cattle Index for October 23rd:

242.12… -1.44 / -0.59%

1 Year Change: +39.45%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 180.00… +1.75

December: 178.62… +0.27

February: 180.85… -0.12

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Feeder Cattle:

October: 239.42… +1.80

November: 235.42… -0.38

January: 234.85… -0.85

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December Lean Hogs: 66.37… +0.20

December Crude Oil: 83.74… -1.75

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December Corn: 4.8400… -0.0625

December Wheat: 5.8050… -0.0675

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Grain Cash Bids:

Omaha Corn: 4.69… -0.07

Kansas City Wheat: 5.88… -0.08

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Financial Markets:

DJIA: 323,140.79... +201.99

S & P 500: 4,249.20... +31.26

NASDAQ: 13,139.87... +118.77

U.S. Dollar Index: 106.24... +0.70