Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday 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 slow on light demand. Compared to last week dressed delivered purchases traded 4.00 lower at 290.00 on a light test. Last week in Nebraska live cash purchases from 186.00- 187.00. In the Western Cornbelt negotiated cash trade has been slow on light demand, a few dressed delivered purchases at 290.00. 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:    7,702

Week Ago:       458

Year Ago:         910

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,300

Weighted avg. weight:         886.00

Weighted avg. net price:     299.57

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Cattle Slaughter under Federal Inspection

Wednesday      126,000

Week Ago          126,000

Year Ago            128,000

Week to Date    377,000

Last Week          377,000

Last Year            385,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 307.50… +1.52

Select:  281.66… -2.34

Choice/Select Spread: 25.84

Total Load Count: 141

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Cutter Cow Cutout:

235.10... +2.02

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CME Feeder Cattle Index for October 24th:

241.63… -0.49 / -0.20%

1 Year Change: +38.11%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 181.12… +1.12

December: 179.42… +0.80

February: 181.50… +0.65

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Feeder Cattle:

October: 239.97… +0.55

November: 238.05… +2.63

January: 236.55… +1.70

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December Lean Hogs: 67.50… +1.13

December Crude Oil: 85.39… +1.65

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December Corn: 4.8000… -0.0400

December Wheat: 5.6850… -0.1200

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Grain Cash Bids:

Omaha Corn: 4.65… -0.04

Kansas City Wheat: 5.74… -0.14

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Financial Markets:

DJIA: 33,038.40… -102.39

S & P 500: 4,186.76… -62.44

NASDAQ: 12,821.22… -308.65

U.S. Dollar Index: 106.52… +0.25