Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in the Southern plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. However not enough trade for a market trend. 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. A light test was noted in all regions for last week.

Negotiated Sales:                                                                                               

Confirmed:        313

Week Ago:      2,311

Year Ago:        1,847

Formula Net - Dressed Steers & Heifers:

Head count priced today:  24,100

Weighted avg. weight:     892.00

Weighted avg. net price:    297.37

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Cattle Slaughter under Federal Inspection

Tuesday            126,000

Week Ago      125,000

Year Ago       129,000

Week to Date   251,000

Last Week         247,000

Last Year           256,000 

Monday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 295.67… -2.18

Select: 267.88… -1.36

Choice/Select Spread: 27.79

Total Load Count: 144

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Cutter Cow Cutout:

226.97… +0.67

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CME Feeder Cattle Index for November 13th:

228.64… -2.76 / -1.19%

1 Year Change: +30.48%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 175.85… +0.93

December: 176.87… +1.62

February: 178.80… +1.35

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Feeder Cattle:

November: 230.05… -0.67

January: 229.00… +0.70

March: 231.37… +1.30

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February Lean Hogs: 75.92… -1.10

December Crude Oil: 78.26… Unchanged

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December Corn: 4.7825… +0.0100

December Wheat: 5.7200… -0.0700

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Grain Cash Bids:

Omaha Corn: 4.83… +0.04

Kansas City Wheat: 5.65… -0.02

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Financial Markets:

DJIA: 34,831.45… +494.31

S & P 500: 4,496.15… +85.05

NASDAQ: 14,096.18… +328.44

U.S. Dollar Index: 104.03… -1.60