Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Thursday afternoon that negotiated cash trading has been mostly inactive on light demand in all regions. Not enough purchases for a market trend in any region. In the Texas Panhandle, last week live FOB purchases traded at 201.00. The last established market in Kansas was Tuesday with live FOB purchases trading at 201.00. The most recent reported market in Nebraska and the Western Cornbelt was last week. In Nebraska, live FOB and dressed delivered purchases traded from 203.00-205.00 and at 322.00, respectively. In the Western Cornbelt, live FOB and dressed purchases traded from 203.00-206.00 and from 320.00-322.00, respectively.

Negotiated Sales:

Confirmed:    1,104

Week Ago:   34,567

Year Ago:     24,204

Formula Net - Dressed Steers & Heifers:

Head count priced today: 35,700

Weighted avg. weight:      928

Weighted avg. net price:  324.60

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Cattle Slaughter under Federal Inspection:

Wednesday            123,000

Week Ago               122,000

Year Ago         126,091

Week to Date         486,000

Last Week WTD     488,000

Last Year WTD       487,658

Tuesday

Steers & Heifers:   102,000

Cows & Bulls:      22,000

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Boxed Beef:

Cutout Values:

Choice: 330.96… -1.06

Select: 317.21… -0.78

Choice/Select Spread: 13.75

Total Load Count: 163

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Cutter Cow Cutout:

282.19… +1.20

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CME Feeder Cattle Index for January 22nd:

277.55… -0.63

52 Week High: 278.55 on 1/9/25

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Futures Settlements:

Live Cattle:  

February: 201.10… +1.05

April: 200.72… +0.95

June: 195.70… +0.80

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Feeder Cattle:

January: 277.07… +0.02

March: 274.07… +1.00

April: 272.45… +1.15

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April Lean Hogs: 87.20… -0.07

March Crude Oil: 74.28… -1.16

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March Corn: 4.8975… +0.0550

March Wheat: 5.5400… Unchanged

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Financial Markets:

DJIA: 44,565.26… +408.77

S & P 500: 6,118.72… +32.41

NASDAQ: 20,053.68… +44.34

U.S. Dollar Index: 108.11… -0.06