Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Monday at 175.00. In Kansas negotiated cash trade was mostly inactive 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 at 177.00. In Nebraska negotiated cash trading cash trading has been mostly inactive on light demand. Last week live FOB purchases, on a very light test, traded at 176.00 and dressed delivered purchases traded mostly at 280.00. In Western Cornbelt negotiated cash trading was mostly inactive on light demand, however not enough purchases for a market test. Last week live FOB purchases traded from 175.00-178.00 and dressed delivered purchases from 278.00-280.00.

Negotiated Sales:                                                                                               

Confirmed:    3,089

Week Ago:     1,510

Year Ago:          130

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,400

Weighted avg. weight:         887.00

Weighted avg. net price:     285.36

-

Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago           126,000

Year Ago             128,000

Week to Date     248,000

Last Week           251,000

Last Year             255,000 

Monday

Steers & Heifers:  97,000

Cows & Bulls:        26,000

-

Boxed Beef:

Cutout Values:

Choice: 298.17… +0.92

Select:  266.35… -1.45

Choice/Select Spread: 31.82

Total Load Count: 164

-

Cutter Cow Cutout:

219.58… -0.78

-

CME Feeder Cattle Index for November 27th:

226.96… -3.42 / -1.48%

1 Year Change: +29.82%

52 Week Range: 173.63 to 254.09

-

Futures Settlements…

Live Cattle:

December: 171.65… +2.88

February: 172.82… +4.00

April: 174.87… +4.20

-

Feeder Cattle:

January: 221.05… +8.25

March: 223.50… +7.20

April: 227.42… +7.20

-

February Lean Hogs: 69.02… +2.10

January Crude Oil: 76.41… +1.55

-

December Corn: 4.5150… -0.0400

December Wheat: 5.4375… +0.0950

-

Grain Cash Bids:

Omaha Corn: 4.57… -0.03

Kansas City Wheat: 5.38… +0.23

-

Financial Markets:

DJIA: 35,416.78… +83.38

S & P 500: 4,554.91… +4.49

NASDAQ: 14,281.76… +40.74

U.S. Dollar Index: 102.81… -0.39