TDA Cattle Market Update, Nov. 1, 2016

Texas feeder cattle auctions reported steady prices. November Feeder cattle futures were $4.32 higher, closing at $126.17 per hundredweight (cwt). The Texas fed cattle cash trade was inactive on Tuesday. December Fed cattle futures were $2.42 higher, closing at $105.52 per cwt. Wholesale boxed beef values were higher, with Choice grade gaining $0.77 to close at $185.53 per cwt and Select grade gaining $0.31 to close at $173.32 per cwt. Estimated cattle harvest for the week totaled 231,000 head up 3,000 from last week’s total, and 10,000 from a year ago. Year-to-date harvest is up 4.6 percent.
For the time period of October 24-30 the USDA NASS Field Office reported that livestock remained in good condition across most of the state, with some livestock producers continuing supplemental feeding in areas of South Texas. In areas of the Upper Coast and Southeast Texas range and pasture conditions and stock tank levels continued to decline due to lack of rainfall. In areas of Northeast Texas, issues with feral hogs continued. Read more at TDA’s Agriculture Market Summary…