Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Thursday afternoon that in the Southern Plains, negotiated cash trading was light on light demand. Not enough purchases for a full market trend. The last reported market was Wednesday with live FOB purchases trading at 201.00. In Nebraska negotiated cash trading has been moderate to active on good demand. Compared to last week, live FOB purchases traded unevenly steady from 202.00- 205.00 and dressed delivered purchases traded 2.00 higher at 322.00. In the Western Cornbelt negotiated cash trading has been light to moderate with moderate to good demand. Compared to last week, live FOB purchases traded steady to 3.00 higher from 203.00-205.00. Not enough dressed delivered purchases for a full market trend. Last week dressed delivered purchases traded at 320.00.

Negotiated Sales:

Confirmed:  34,536

Week Ago:  10,902

Year Ago:   37,894

Formula Net - Dressed Steers & Heifers:

Head count priced today: 36,900

Weighted avg. weight:      929

Weighted avg. net price:  321.63

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Cattle Slaughter under Federal Inspection:

Thursday         122,000

Week Ago               117,000

Year Ago         120,650

Week to Date         488,000

Last Week WTD     474,000

Last Year WTD       453,912

Wednesday

Steers & Heifers:  101,000

Cows & Bulls:     23,000

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Boxed Beef:

Cutout Values:

Choice: 333.41… -0.73

Select: 319.38… +1.34

Choice/Select Spread: 14.03

Total Load Count: 142

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Cutter Cow Cutout:

276.85… +2.86

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CME Feeder Cattle Index for January 15th:

278.31… +0.27

52 Week High: 278.55 – 1/9/25

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Futures Settlements:

Live Cattle:  

February: 196.60… -1.92

April: 197.67… -1.65

June: 191.97… -1.48

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Feeder Cattle:

January: 273.45… -1.77

March: 267.72… -2.08

April: 268.20… -1.92

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February Lean Hogs: 82.30… -0.82

February Crude Oil: 78.63... -1.41

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February Corn: 4.7450… -0.0425

February Wheat: 5.3750… -0.0950

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Financial Markets:

DJIA: 43,153.13… -68.36

S & P 500: 5,937.31… -12.53

NASDAQ: 19,338.29… -172.94

U.S. Dollar Index: 108.98... -0.11