Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in Nebraska, negotiated cash trading was slow on light to moderate demand. In Nebraska compared to last week dressed delivered purchases traded mostly 5.00 lower at 282.00. However not enough live FOB purchases for a market trend. Last week live FOB purchases traded at 181.50. Thus far for Wednesday in the Texas Panhandle negotiated cash trading was at a standstill. In Kansas negotiated cash trading was mostly inactive on light demand. In the Western Cornbelt negotiated cash trading was slow on light demand. However not enough trade in the Southern Plains and the Western Cornblet 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 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:     6,745

Week Ago:      3,762

Year Ago:      11,309

Formula Net - Dressed Steers & Heifers:

Head count priced today:  24,700

Weighted avg. weight:        889.00

Weighted avg. net price:    294.35

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Cattle Slaughter under Federal Inspection

Wednesday     125,000

Week Ago         124,000

Year Ago           130,000

Week to Date   376,000

Last Week         371,000

Last Year           386,000 

Tuesday

Steers & Heifers: 99,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 296.33... +0.66

Select: 267.85... -0.03

Choice/Select Spread: 28.48

Total Load Count: 141

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Cutter Cow Cutout:

227.70… +0.73

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CME Feeder Cattle Index for November 14th:

228.35… -2.76 / -0.29%

1 Year Change: +30.35%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 177.77… +1.92

December: 178.77… +1.90

February: 180.47… +1.67

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Feeder Cattle:

November: 229.42… -0.63

January: 230.90… +1.90

March: 233.50… +2.13

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February Lean Hogs: 74.90… -1.02

December Crude Oil: 76.66… -1.60

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December Corn: 4.7075… -0.0750

December Wheat: 5.6050… -0.1150

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Grain Cash Bids:

Omaha Corn: 4.77… -0.06

Kansas City Wheat: 5.62… -0.03

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Financial Markets:

DJIA: 34,991.61… +160.16

S & P 500: 4,502.92… +6.77

NASDAQ: 14,103.84… +7.66

U.S. Dollar Index: 104.42… +0.37