Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been slow on light demand, with a few live FOB purchases at 174.00, however not enough for a market trend. The most recent live FOB purchases were Monday at 175.00. In Kansas negotiated cash trade was slow on light to moderate demand. Compared to Tuesday live FOB purchases traded 1.00 lower mostly at 174.00. In Nebraska negotiated cash trade has been moderate on trade and demand. Compared to Wednesday in Nebraska live FOB purchases traded steady to 1.00 lower from 174.00-175.00. Compared to last week dressed delivered purchases traded 5.00 lower at 275.00. In the Western Cornbelt negotiated cash trade has been moderate on trade and demand. Compared to last week live FOB purchases traded 1.00 to 3.00 lower from 174.00-175.00. Compared to last week dressed delivered purchases traded 3.00-5.00 lower from 275.00.

Negotiated Sales:                                                                                               

Confirmed:  24,958

Week Ago:      None

Year Ago:       6,976

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,700

Weighted avg. weight:         899.00

Weighted avg. net price:     284.69

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Cattle Slaughter under Federal Inspection

Thursday            121,000

Week Ago               4,000

Year Ago             128,000

Week to Date     494,000

Last Week           382,000

Last Year             509,000 

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 299.02… +1.99

Select:  264.75… +0.66

Choice/Select Spread: 34.27

Total Load Count: 181

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Cutter Cow Cutout:

214.71… -4.83

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CME Feeder Cattle Index for November 29th:

224.77… +2.52 / +1.13%

1 Year Change: +25.99%

52 Week Range: 173.63 to 254.09

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Futures Settlements…

Live Cattle:

December: 170.87… -1.03

February: 171.82… -1.65

April: 174.42… -1.50

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Feeder Cattle:

January: 219.95… -2.25

March: 222.57… -1.70

April: 226.67… -1.65

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February Lean Hogs: 71.47… +1.37

January Crude Oil: 75.96... -1.90

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March Corn: 4.8275… +0.0700

March Wheat: 5.9800… +0.1225

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Grain Cash Bids:

Omaha Corn: 4.67… +0.12

Kansas City Wheat: 5.68… +0.03

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Financial Markets:

DJIA: 35,946.11… +515.29

S & P 500: 4,569.04… +18.43

NASDAQ: 14,569.04… +18.43

U.S. Dollar Index: 103.55… +0.78