Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Texas Panhandle, negotiated cash trading has been limited on light demand. In Kansas negotiated cash trading has been mostly inactive with light demand. In both regions, a few live FOB purchases traded at 175.00. However, not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 177.00. In Nebraska negotiated cash trading has been at a standstill. Last week live FOB purchases, on a very light test, traded at 176.00 and dressed delivered purchases traded mostly at 280.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. A few live FOB purchases traded at 175.00. However, not enough purchases for a market trend. Last week live FOB purchases traded from 175.00-178.00 and dressed delivered purchases traded from 278.00-280.00.

Negotiated Sales:                                                                                               

Confirmed:    4,710

Week Ago:        139

Year Ago:         340

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,300

Weighted avg. weight:        889.00

Weighted avg. net price:     284.90

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Cattle Slaughter under Federal Inspection

Monday              123,000

Week Ago           125,000

Year Ago             127,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 297.25… -0.78

Select:  267.80… -0.96

Choice/Select Spread: 29.45

Total Load Count: 106

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Cutter Cow Cutout:

220.36… -0.20

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CME Feeder Cattle Index for November 24th:

230.38… +5.14 / +2.28%

1 Year Change: +31.77%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

December: 168.77… -1.48

February: 168.82… -2.15

April: 170.67… -2.63

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Feeder Cattle:

January: 212.80… -6.52

March: 216.30… -6.42

April: 220.22… -6.45

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February Lean Hogs: 66.92… -1.85

January Crude Oil: 74.86… -0.68

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December Corn: 4.5550… -0.0775

December Wheat: 5.3425… -0.1450

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Grain Cash Bids:

Omaha Corn: 4.60… -0.10

Kansas City Wheat: 5.15… -0.15

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Financial Markets:

DJIA: 35,333.40… -56.75

S & P 500: 4,550.42… -8.92

NASDAQ: 14,241.02… -9.83

U.S. Dollar Index: 103.20… -0.20