Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, Nebraska and the Western Cornbelt, negotiated cash trade has been at a standstill. However not enough purchases for a market trend. In Kansas 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:      255

Week Ago:    8,731

Year Ago:    28,917

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,200

Weighted avg. weight:        917.00

Weighted avg. net price:     297.24

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Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          125,000

Year Ago            128,000

Week to Date    496,000

Last Week          502,000

Last Year            513,000 

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        28,000

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Boxed Beef Cutout Values:

Choice: 304.53… +2.53

Select:  274.34… -4.21

Choice/Select Spread: 30.19

Total Load Count: 192

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Cutter Cow Cutout:

230.90… -0.77

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CME Feeder Cattle Index for November 1st:

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: 184.67… +1.05

December: 186.42… +1.25

February: 188.77… +1.22

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Feeder Cattle:

November: 242.62… +4.05

January: 242.17… +4.15

March: 244.42… +4.10

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December Lean Hogs: 73.27… +3.12

December Crude Oil: 82.46… +2.02

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December Corn: 4.7000… -0.0500

December Wheat: 5.6550… -0.0375

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Grain Cash Bids:

Omaha Corn: 4.79… -0.05

Kansas City Wheat: 5.67… +0.02

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Financial Markets:

DJIA: 33,840.73… +562.98

S & P 500: 4,317.89… +80.28

NASDAQ: 13,294.19… +233.90

U.S. Dollar Index: 106.18… -0.70