Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Wednesday afternoon that in the Texas Panhandle, negotiated cash trading has been light on light demand. Compared to last week live FOB purchases traded 1.00 higher at 201.00, on a light test. In Kansas, negotiated cash trading and demand have been moderate. Compared to last week, live FOB purchases traded steady to 1.00 higher at 201.00. In Nebraska and the Western Cornbelt, negotiated cash trading has been mostly inactive on very light demand. For the prior week in Nebraska, live FOB purchases traded at 203.00 and dressed delivered purchases traded at 320.00. Last in the Western Cornbelt, live FOB and dressed delivered purchases traded at 200.00-205.00 and 320, respectively.

Negotiated Sales:

Confirmed:  7,753

Week Ago:   620

Year Ago:   6,493

Formula Net - Dressed Steers & Heifers:

Head count priced today: 24,000

Weighted avg. weight:      919

Weighted avg. net price:  319.97

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Cattle Slaughter under Federal Inspection:

Wednesday            124,000

Week Ago         122,000

Year Ago          116,906

Week to Date         366,000

Last Week WTD     357,000

Last Year WTD       333,262

Tuesday

Steers & Heifers:    103,000

Cows & Bulls:      22,000

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Boxed Beef:

Cutout Values:

Choice: 334.14… +1.16

Select: 318.04… -0.67

Choice/Select Spread: 16.10

Total Load Count: 132

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Cutter Cow Cutout:

273.99… -0.36

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CME Feeder Cattle Index for January 14th:

278.04… -0.27

52 Week High: 278.55 on 1/9/25

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Futures Settlements:

Live Cattle:  

February: 198.52… +1.12

April: 199.32… +1.17

June: 193.45… +1.25

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Feeder Cattle:

January: 275.22… +1.12

March: 269.80… +1.60

April: 270.12… +1.57

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February Lean Hogs: 83.12… -0.50

February Crude Oil: 80.50… +3.00

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February Corn: 4.7875… +0.0425

February Wheat: 5.4700… +0.0075

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Financial Markets:

DJIA: 43,221.49… +703.70

S & P 500: 5,949.84… +106.96

NASDAQ: 19,511.23… +466.84

U.S. Dollar Index: 109.06… -0.21