Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Tuesday that negotiated cash trading has been at a standstill in the Texas Panhandle and Nebraska. In Kansas and the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Last week, in the Southern Plains live FOB purchases traded from 196.00-197.00. For the prior week in Nebraska and Western Cornbelt live FOB and dressed delivered purchases traded at 200.00 and 315.00, respectively

Negotiated Sales:

Confirmed:   248

Week Ago: 1,006

Year Ago:     415

Formula Net - Dressed Steers & Heifers:

Head count priced today:  29,100

Weighted avg. weight:           929

Weighted avg. net price:   311.73

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Cattle Slaughter under Federal Inspection:

Tuesday                    126,000

Week Ago                 102,000

Year Ago                     84,777

Week to Date          235,000

Last Week WTD      225,000

Last Year WTD        186,671

Monday

Steers & Heifers:       88,000

Cows & Bulls:            20,000

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Boxed Beef:

Cutout Values:

Choice: 325.79… -1.31

Select:  305.43… +2.10

Choice/Select Spread: 20.36

Total Load Count: 156

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Cutter Cow Cutout:

267.69… +7.60

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CME Feeder Cattle Index for January 3rd:

January 6th Index not yet published.

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: 195.57… +0.37

April: 197.77… +0.50

June: 192.77… +0.55

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Feeder Cattle:

January: 268.40… +2.10

March: 267.92… +2.37

April: 268.47… 2.27

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February Lean Hogs: 79.17… -0.48

February Crude Oil: 74.25… +0.69

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February Corn: 4.5800… +0.0025

February Wheat: 5.4250… +0.0200

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Grain Cash Bids:

Omaha Corn: 4.58… Unchanged

Kansas City Wheat: 5.18… +0.03

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Financial Markets:

DJIA: 42,528.67… -177.95

S & P 500: 5,909.06… -66.36

NASDAQ: 19,489.68… -375.30

U.S. Dollar Index: 108.67… +0.41