Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Texas Panhandle, Kansas and the Western Cornbelt, negotiated cash trade has been mostly inactive on light demand. However not enough purchases for a market trend. In Nebraska 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:   1,116

Week Ago:    7,702

Year Ago:      9,256

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,500

Weighted avg. weight:         905.00

Weighted avg. net price:     301.81

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Cattle Slaughter under Federal Inspection

Wednesday       122,000

Week Ago          126,000

Year Ago            130,000

Week to Date    372,000

Last Week          377,000

Last Year            385,000 

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 302.18… -3.00

Select:  278.55… -0.95

Choice/Select Spread: 23.63

Total Load Count: 136

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Cutter Cow Cutout:

231.87… +2.08

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CME Feeder Cattle Index for October 31st:

237.25… +0.02 / +0.01%

1 Year Change: +34.06%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 183.62… +0.07

December: 185.17… +0.55

February: 187.55… +0.88

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Feeder Cattle:

November: 238.57… +0.87

January: 238.02… +0.82

March: 240.32… +0.57

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December Lean Hogs: 70.15… -1.57

December Crude Oil: 80.44… -0.58

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December Corn: 4.7500… -0.0375

December Wheat: 5.6175… +0.0550

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Grain Cash Bids:

Omaha Corn: 4.73… -0.05

Kansas City Wheat: 5.65… +0.11

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Financial Markets:

DJIA: 33,277.75… +225.14

S & P 500: 4,237.61… +43.97

NASDAQ: 13,060.29… +209.05

U.S. Dollar Index: 106.68… +0.02