Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported Friday afternoon that in the Southern Plains, negotiated cash trading has been light with moderate demand. In the Texas Panhandle, a few live FOB purchases traded from 200.00-201.00. In Kansas, a few live FOB purchases traded at 201.00. However, not enough purchases in either region for a full market trend. Thursday was the last reported market in the Southern Plains with live FOB purchases at 200.00. In Nebraska negotiated cash trading has been light with moderate demand. When compared to the last market on Thursday, live FOB purchases traded steady at 203.00. The last reported dressed delivered market was on Thursday with purchases at 320.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. The last reported market was on Thursday with live FOB purchases from 200.00-205.00 and dressed delivered purchases at 320.00.

Negotiated Sales:

Confirmed:  10,768

Week Ago:   46,139

Year Ago:    9,503

Formula Net - Dressed Steers & Heifers:

Head count priced today: 31,700

Weighted avg. weight:      927

Weighted avg. net price:   316.19

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Cattle Slaughter under Federal Inspection:

Friday                      105,000

Week Ago               121,000

Year Ago         104,323

Week to Date         579,000

Last Week WTD     471,000

Last Year WTD       527,694

Thursday

Steers & Heifers:   94,000

Cows & Bulls:      23,000

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Boxed Beef:

Cutout Values:

Choice: 332.84… +2.06

Select: 314.14… +5.79

Choice/Select Spread: 18.70

Total Load Count: 128

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Cutter Cow Cutout:

270.12… +3.22

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CME Feeder Cattle Index for January 9th:

278.55… +3.55

52 Week High: 278.55

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Futures Settlements:

Live Cattle:  

February: 198.77… +1.17

April: 199.47… +1.20

June: 194.10… +1.38

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Feeder Cattle:

January: 272.35… +3.13

March: 269.40… +1.10

April: 270.17… +1.10

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February Lean Hogs: 82.55… +0.78

February Crude Oil: 76.66… +2.74

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February Corn: 4.7050… +0.1450

February Wheat: 5.3075… -0.0325

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Grain Cash Bids:

Omaha Corn: 4.45… +0.08

Kansas City Wheat: 5.14… +0.04

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Financial Markets:

DJIA: 41,938.45… -696.75

S & P 500: 5,827.02… -91.20

NASDAQ: 19,161.63… -317.25

U.S. Dollar Index: 109.65… +0.47