Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Wednesday that negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In 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:  620

Week Ago: None

Year Ago:    91

Formula Net - Dressed Steers & Heifers:

Head count priced today: 26,200

Weighted avg. weight:      923

Weighted avg. net price:  313.15

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Cattle Slaughter under Federal Inspection:

Wednesday            122,000

Week Ago        115,870

Year Ago         357,000

Week to Date         225,000

Last Week WTD     304,541

Last Year WTD       638,000

Tuesday

Steers & Heifers:    102,000

Cows & Bulls:      24,000

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Boxed Beef:

Cutout Values:

Choice: 328.61… +2.82

Select: 306.89… +1.46

Choice/Select Spread: 21.72

Total Load Count: 181

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Cutter Cow Cutout:

269.12… +1.43

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CME Feeder Cattle Index for January 7th:

265.86… +0.57

52 Week High: 265.86

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Futures Settlements:

Live Cattle:  

February: 193.70… -1.87

April: 195.52… -2.25

June: 190.47… -2.30

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Feeder Cattle:

January: 265.57… -2.83

March: 264.97… -2.95

April: 266.15… -2.32

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February Lean Hogs: 79.47… +0.30

February Crude Oil: 73.37… -0.88

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February Corn: 4.5400… -0.0400

February Wheat: 5.3625… -0.0625

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Grain Cash Bids:

Omaha Corn: 4.54… -0.04

Kansas City Wheat: 5.13… -0.05

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Financial Markets:

DJIA: 42,635.20… 106.53

S & P 500: 5,918.22… +9.16

NASDAQ: 19,478.88… -10.80

U.S. Dollar Index: 109.02… +0.48