Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday. negotiated cash trading has been at a standstill in the Texas Panhandle. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region for a market trend. 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:  1,610

Week Ago:      313

Year Ago:        239

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,800

Weighted avg. weight:        890.00

Weighted avg. net price:     290.72

-

Cattle Slaughter under Federal Inspection

Tuesday              126,000

Week Ago           126,000

Year Ago             128,000

Week to Date     251,000

Last Week           251,000

Last Year             258,000 

Monday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

-

Boxed Beef:

Cutout Values:

Choice: 295.81… +0.06

Select:  268.77… -2.18

Choice/Select Spread: 27.04

Total Load Count: 166

-

Cutter Cow Cutout:

216.45… -7.91

-

CME Feeder Cattle Index for November 20th:

226.76… +0.84 / +0.37%

1 Year Change: +29.84%

52 Week Range: 173.63 to 254.09

-

Futures Settlements…

Live Cattle:

October: 175.00… -0.47

December: 176.07… -0.58

February: 178.22… -0.50

-

Feeder Cattle:

November: 228.64… -0.73

January: 228.32… -1.53

March: 231.22… -1.08

-

February Lean Hogs: 73.72… -1.33

January Crude Oil: 77.77… -0.06

-

December Corn: 4.7000… +0.0050

December Wheat: 5.5500… +0.1150

-

Grain Cash Bids:

Omaha Corn: 4.75… Unchanged

Kansas City Wheat: 5.41… +0.05

-

Financial Markets:

DJIA: 35,093.93… -65.02

S & P 500: 4,539.15… -9.20

NASDAQ: 14,202.92… -83.34

U.S. Dollar Index: 103.60… +0.16