Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Friday afternoon that negotiated cash trading in the Southern Plains has been light on good demand. Compared to last week in the Texas Panhandle, live FOB purchases traded 4.00-5.00 higher at 197.00. In Kansas, compared to the last reported market on Thursday, a light test of live FOB purchases traded 1.00 higher at 197.00. In Nebraska negotiated cash trading has been active on very good demand. Compared to last week, Live FOB purchases traded 3.00-4.00 higher at 200.00 and dressed delivered purchases traded 8.00 higher at 315.00. In the Western Cornbelt, negotiated cash trading has been moderate on very good demand. Compared to last week, live FOB purchases traded 3.00-5.00 higher at 200.00 and dressed delivered purchases trading 8.00 higher at 315.00.

Negotiated Sales:

Confirmed:   45,139

Week Ago:   16,241

Year Ago:       6,545

Formula Net - Dressed Steers & Heifers:

Head count priced today:  31,800

Weighted avg. weight:           918

Weighted avg. net price:   310.52

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Cattle Slaughter under Federal Inspection:

Friday                      121,000

Week Ago                123,000

Year Ago                  124,381

Week to Date         471,000

Last Week WTD      398,000

Last Year WTD        497,615

Thursday

Steers & Heifers:     103,000

Cows & Bulls:            22,000

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Boxed Beef:

Cutout Values:

Choice: 325.24… +1.76

Select:  296.72… +2.49

Choice/Select Spread: 28.52

Total Load Count: 149

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Cutter Cow Cutout:

264.77… +2.67

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CME Feeder Cattle Index for January 2nd:

265.76… +3.99 / +1.52%

1 Year Change: +18.09%

52 Week Range: 225.05 to 265.76

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Futures Settlements:

Live Cattle:  

February: 194.05… +0.45

April: 196.00… -0.05

June: 190.67… -0.68

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Feeder Cattle:

January: 264.82… -1.65

March: 264.17… -2.03

April: 264.40… -2.12

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February Lean Hogs: 80.77… -0.38

February Crude Oil: 74.02… +0.89

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February Corn: 4.5075… -0.0875

February Wheat: 5.2925… -0.1650

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Grain Cash Bids:

Omaha Corn: 4.42… -0.08

Kansas City Wheat: 5.01… -0.14

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Financial Markets:

DJIA: 42,732.19… +339.12

S & P 500: 5,942.52… +73.91

NASDAQ: 19,621.68… +340.89

U.S. Dollar Index: 108.93… -0.46