Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. However not enough purchases for a market trend. Last week in all trading regions live FOB purchases traded at 185.00. Last week in Nebraska and the Western Plains dressed delivered purchases traded at 292.00.

Negotiated Sales:                                                                                               

Confirmed:       269

Week Ago:        220

Year Ago:          250

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,400

Weighted avg. weight:         873.00

Weighted avg. net price:     294.94

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Cattle Slaughter under Federal Inspection

Monday             122,000

Week Ago          125,000

Year Ago            122,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 301.72… -0.62

Select:  270.36… -1.65

Choice/Select Spread: 31.36

Total Load Count: 87

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Cutter Cow Cutout:

230.16... -1.53

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CME Feeder Cattle Index for November 3rd:

238.92… +1.30 / +0.55%

1 Year Change: +35.05%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 181.82… -2.55

December: 181.97… -3.25

February: 184.60… -3.22

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Feeder Cattle:

November: 237.17… -3.43

January: 236.42… -3.33

March: 239.10… -3.25

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December Lean Hogs: 72.40... +0.65

December Crude Oil: 80.82… +0.31

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December Corn: 4.7725… Unchanged

December Wheat: 5.7575… +0.0325

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Grain Cash Bids:

Omaha Corn: 4.66… -0.01

Kansas City Wheat: 5.71… +0.02

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Financial Markets:

DJIA: 34,095.86… +35.46

S & P 500: 4,365.98… +7.70

NASDAQ: 13,518.78… +41.39

U.S. Dollar Index: 105.26… +0.24