Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all regions. The most recent purchase market was for the prior week. In all regions live FOB purchases traded mostly at 178.00. In Nebraska and Western Cornbelt dressed delivered purchases traded at 282.00.

Negotiated Sales:                                                                                               

Confirmed:    139

Week Ago:     261

Year Ago:       110

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,800

Weighted avg. weight:         890.00

Weighted avg. net price:     287.89

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          125,000

Year Ago            130,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 295.75… +1.88

Select:  270.95… +0.25

Choice/Select Spread: 24.80

Total Load Count: 135

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Cutter Cow Cutout:

224.36… -0.67

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CME Feeder Cattle Index for November 17th:

225.92… -2.72 / -1.19%

1 Year Change: +29.36%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

October: 175.47… -0.28

December: 176.65… -0.15

February: 178.72… +0.30

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Feeder Cattle:

November: 228.64… -0.73

January: 229.85… +1.35

March: 232.30…+1.33

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February Lean Hogs: 75.05… -0.40

December Crude Oil: 77.60… +1.71

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December Corn: 4.6950… +0.0250

December Wheat: 5.4350… -0.0725

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Grain Cash Bids:

Omaha Corn: 4.75… +0.03

Kansas City Wheat: 5.36… -0.07

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Financial Markets:

DJIA: 35,1580.95… +211.34

S & P 500: 4,548.35… +34.27

NASDAQ: 14,286.26… +160.78

U.S. Dollar Index: 103.45… -0.47