Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trade has been mostly inactive on light demand. The most recent live FOB purchases were Monday at 175.00. In Kansas negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Tuesday at 175.00. In Nebraska negotiated cash trading cash trading has been slow on light demand. Compared to last week live FOB purchases traded 1.00 lower at 175.00. Last week dressed delivered purchases traded mostly at 280.00. In Western Cornbelt negotiated cash trading has been mostly inactive on light demand. There have been some early live FOB purchases at 175.00, 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:    5,931

Week Ago:   19,498

Year Ago:     18.300

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:         904.00

Weighted avg. net price:     290.56

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Cattle Slaughter under Federal Inspection

Wednesday       125,000

Week Ago           127,000

Year Ago             126,000

Week to Date    373,000

Last Week           378,000

Last Year             381,000 

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 297.03… -1.14

Select:  264.09… -2.26

Choice/Select Spread: 32.94

Total Load Count: 137

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Cutter Cow Cutout:

219.54… -0.04

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CME Feeder Cattle Index for November 28th:

222.37… -4.59 / -2.02%

1 Year Change: +29.82%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

December: 171.90… +0.25

February: 173.47… +0.65

April: 175.92… +1.05

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Feeder Cattle:

January: 222.20… +1.15

March: 224.27… +0.77

April: 228.32… +0.90

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February Lean Hogs: 70.10… +1.08

January Crude Oil: 77.86… +1.45

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December Corn: 4.4975… -0.0175

December Wheat: 5.5600… +0.1225

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Grain Cash Bids:

Omaha Corn: 4.55… -0.02

Kansas City Wheat: 5.65… +0.27

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Financial Markets:

DJIA: 35,430.82… +14.04

S & P 500: 4,550.61… -4.30

NASDAQ: 14,258.49… -23.27

U.S. Dollar Index: 102.86… +0.11