Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Southern Plains, cash trade was slow on light to moderate demand, with a few live FOB purchases at 183.00. However not enough purchases for a market test. 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 was slow on light to moderate demand, with a few live FOB purchases from 183.00-185.00. However not enough purchases for a market test. The most recent market was on Wednesday with dressed delivered purchases at 290.00. Last week live cash purchases from 186.00-187.00. In the Western Cornbelt on Thursday negotiated cash trade has been slow on light to moderate demand, with a few live FOB purchases at 183.00. However not enough purchases for a market test. The most recent live FOB market was Monday with live cash purchases traded from 183.00-185.00. The most recent market was Wednesday dressed delivered purchases traded at 290.00.

Negotiated Sales:                                                                                               

Confirmed:    8,731

Week Ago:  20,384

Year Ago:    26,564

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,700

Weighted avg. weight:         908.00

Weighted avg. net price:     299.54

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago          125,000

Year Ago            128,000

Week to Date    502,000

Last Week          502,000

Last Year            513,000 

Wednesday

Steers & Heifers:  98,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 306.85… -0.65

Select:  279.69… -1.97

Choice/Select Spread: 27.16

Total Load Count: 150

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Cutter Cow Cutout:

227.58… -7.52

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CME Feeder Cattle Index for October 25th:

240.62… -1.01 / -0.42%

1 Year Change: +37.67%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 181.70… +0.58

December: 179.32… -0.10

February: 180.40… -1.10

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Feeder Cattle:

October: 240.55… +0.58

November: 236.50… -1.55

January: 235.07… -1.48

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December Lean Hogs: 68.62… +1.12

December Crude Oil: 83.21… -2.18

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December Corn: 4.7950… -0.0050

December Wheat: 5.7950… +0.1100

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Grain Cash Bids:

Omaha Corn: 4.64… -0.01

Kansas City Wheat: 5.80… +0.06

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Financial Markets:

DJIA: 32,778.17… -260.23

S & P 500: 4,137.18… -49.58

NASDAQ: 12,594.84… -226.38

U.S. Dollar Index: 106.65… +0.12

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