Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday, negotiated cash trading was at a standstill in all trading regions. Last week in the Texas Panhandle live FOB purchases traded at 181.00. Last week in Kansas live FOB purchases traded at 180.00. Last week in Nebraska live FOB purchases traded at 181.50 and dressed delivered purchases traded at 287.00. Last week in the Western Cornbelt live FOB purchases traded from 178.00-180.00 and dressed delivered purchases traded from 283.00-287.00.

Negotiated Sales:                                                                                               

Confirmed:        261

Week Ago:         269

Year Ago:           583

Formula Net - Dressed Steers & Heifers:

Head count priced today:  29,200

Weighted avg. weight:        874.00

Weighted avg. net price:    298.07

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Cattle Slaughter under Federal Inspection

Monday            125,000

Week Ago         122,000

Year Ago           127,000

Friday

Steers & Heifers: 88,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 297.85… -2.61

Select: 269.24… +1.82

Choice/Select Spread: 28.61

Total Load Count: 93

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Cutter Cow Cutout:

226.30… -2.89

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CME Feeder Cattle Index for November 10th:

231.40… -4.02 / -1.71%

1 Year Change: +32.06%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 174.92… +0.75

December: 175.25… +0.60

February: 177.45… +0.53

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Feeder Cattle:

November: 230.72… +1.00

January: 228.30… +1.88

March: 230.07… +1.45

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February Lean Hogs: 77.02… +1.45

December Crude Oil: 78.26… +1.09

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December Corn: 4.7725… +0.1325

December Wheat: 5.7900… +0.0375

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Grain Cash Bids:

Omaha Corn: 4.79… +0.14

Kansas City Wheat: 5.67… +0.02

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Financial Markets:

DJIA: 34,337.14… +53.81

S & P 500: 4,411.10… -4.16

NASDAQ: 13,767.74… -32.13

U.S. Dollar Index: 105.63… -0.23