Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trade has been mostly inactive on light demand. However not enough purchases for a market trend. In Kansas, Nebraska and the Western Cornbelt negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases traded from 183.00-186.00, while dressed delivered purchases traded from 290.00-291.00, mostly at 290.00. Last week in the Western Cornbelt live FOB purchases from 183.00-185.00, mostly from 183.00-184.00, while dressed delivered purchases traded at 290.00.

Negotiated Sales:                                                                                               

Confirmed:      367

Week Ago:     3,956

Year Ago:          350

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22.200

Weighted avg. weight:         898.00

Weighted avg. net price:     297.36

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Cattle Slaughter under Federal Inspection

Tuesday            125,000

Week Ago          126,000

Year Ago            129,000

Week to Date    250,000

Last Week          251,000

Last Year            255,000 

Monday

Steers & Heifers:  99,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 305.18… -4.10

Select:  279.50… -1.39

Choice/Select Spread: 25.68

Total Load Count: 140

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Cutter Cow Cutout:

229.79... -0.29

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CME Feeder Cattle Index for October 30th:

237.23… +0.70 / +0.30%

1 Year Change: +33.67%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 183.75… -0.37

December: 183.55… -0.30

February: 184.62… +0.65

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Feeder Cattle:

November: 237.70… +0.03

January: 237.20… +0.33

March: 239.75… +0.38

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December Lean Hogs: 71.72… +0.55

December Crude Oil: 81.02… -1.29

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December Corn: 4.7875… +0.0050

December Wheat: 5.5625… -0.0975

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Grain Cash Bids:

Omaha Corn: 4.78… +0.01

Kansas City Wheat: 5.54… -0.16

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Financial Markets:

DJIA: 33,052.61… +124.24

S & P 500: 4,193.64… +26.85

NASDAQ: 12,851.24… +61.76

U.S. Dollar Index: 106.66… +0.54