Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday Tuesday in Southern Plains, negotiated cash trade has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive on light demand. However not enough purchases for a market trend. In the Western Cornbelt negotiated cash trading has been slow 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:     2,311

Week Ago:         367

Year Ago:         1,644

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,200

Weighted avg. weight:         891.00

Weighted avg. net price:     299.58

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Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago          125,000

Year Ago            128,000

Week to Date    247,000

Last Week          250,000

Last Year            250,000 

Monday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 300.38… -1.34

Select:  269.48… -0.88

Choice/Select Spread: 30.90

Total Load Count: 207

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Cutter Cow Cutout:

230.09... -0.07

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CME Feeder Cattle Index for November 4th:

238.89… -0.03 / -0.01%

1 Year Change: +35.03%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 178.77… -2.55

December: 178.42… -3.55

February: 180.60… -4.00

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Feeder Cattle:

November: 232.22… -4.95

January: 230.82... -5.60

March: 233.25… -5.85

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December Lean Hogs: 72.90… +0.50

December Crude Oil: 77.37… -3.45

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December Corn: 4.6850… -0.0875

December Wheat: 5.7025… -0.0550

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Grain Cash Bids:

Omaha Corn: 4.63… -0.03

Kansas City Wheat: 5.58… -0.13

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Financial Markets:

DJIA: 34,158.17… +62.31

S & P 500: 4,378.95… +12.97

NASDAQ: 13,640.68… +121.90

U.S. Dollar Index: 105.53… +0.31