# Agriculture Market Summary

> Texas feeder cattle auctions were higher and November feeder cattle futures closed at $159.70/cwt. Fed cattle cash traded at $120.00/cwt and corn cash and December futures both gained 2 cents, while wheat slipped a penny. Choice boxed beef rose $4.07 to $207.39/cwt.

- Date: 2017-10-29 · published 2017-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68596-agriculture-market-summary
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Firm feeder and fed cattle prices and a modest corn gain support feed-buyer costs for cattle operations, while lower wheat trims a possible substitute price. The moves are routine and do not signal a new supply or demand shock.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- texasagriculture.gov: https://texasagriculture.gov/News-Events/Agriculture-Market-Summary/Article/4438/Texas-Daily-Ag-Market-News-Summary-110117

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.