Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Friday afternoon that in the Southern Plains negotiated cash trading was mostly inactive on light demand. Not enough purchases for a full market trend. The last reported market in the Southern Plains was Wednesday with live FOB purchases trading at 201.00. In Nebraska and the Western Cornbelt, negotiated cash trade and demand were light to moderate. Not enough purchases for a full market trend in either of these regions. The last reported market in Nebraska was Thursday, with live FOB purchases from 203.00-205.00 and dressed delivered purchases at 322.00. The most recent market in the Western Cornbelt was Thursday, with live FOB and dressed delivered purchases from 203.00-206.00 and 320.00-322.00, respectively.

Negotiated Sales:

Confirmed:    8,272

Week Ago:   10,765

Year Ago:    4,253

Formula Net - Dressed Steers & Heifers:

Head count priced today: 33,400

Weighted avg. weight:      910

Weighted avg. net price:  320.50

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Cattle Slaughter under Federal Inspection:

Friday                     114,000

Week Ago               105,000

Year Ago         119,816

Week to Date         602,000

Last Week WTD     579,000

Last Year WTD       573,728

Thursday

Steers & Heifers:   99,000

Cows & Bulls:     23,000

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Boxed Beef:

Cutout Values:

Choice: 333.69… +0.28

Select: 319.83… +0.45

Choice/Select Spread: 13.86

Total Load Count: 122

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Cutter Cow Cutout:

278.06… +1.21

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CME Feeder Cattle Index for January 16th:

277.06… -1.25

52 Week High: 278.55 on 1/9/25

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Futures Settlements:

Live Cattle:  

February: 196.75… +0.15

April: 197.50… -0.17

June: 192.20… +0.23

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Feeder Cattle:

January: 273.50… +0.05

March: 268.05… +0.33

April: 268.12… -0.08

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February Lean Hogs: 81.12… -1.18

February Crude Oil: 77.99… -0.69

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February Corn: 4.8425… +0.0975

February Wheat: 5.3875… +0.0125

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Financial Markets:

DJIA: 43,487.43… +334.30

S & P 500: 5,996.70… +59.39

NASDAQ: 19,630.20… +291.91

U.S. Dollar Index: 109.36… +0.40