Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Monday afternoon that negotiated cash trading has been at a standstill in all trading regions. Last week in the Southern Plains, live FOB purchases traded from 201.00-202.00. For the prior week in Nebraska and the Western Cornbelt, live FOB purchases traded from 310.00-312.00. Dressed delivered purchases traded from 328.00-330.00 in Nebraska and 330.00 in the Western Cornbelt.

Negotiated Sales:

Confirmed:      None

Week Ago:     151

Year Ago:       55

Formula Net - Dressed Steers & Heifers:

Head count priced today: 37,200

Weighted avg. weight:      923

Weighted avg. net price:   324.60

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Cattle Slaughter under Federal Inspection:

Monday                 114,000

Week Ago        115,000

Year Ago         122,806

Week to Date         114,000

Last Week WTD     115,000

Last Year WTD       122,806

Friday

Steers & Heifers:     91,000

Cows & Bulls:           20,000

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Boxed Beef:

Cutout Values:

Choice: 330.08… +2.16

Select: 320.55… +4.26

Choice/Select Spread: 9.53

Total Load Count: 137

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Cutter Cow Cutout:

283.14… -0.16

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CME Feeder Cattle Index for January 24th:

277.93… -0.35

52 Week High: 278.92 on 1/17/25

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Futures Settlements:

Live Cattle:  

February: 205.67… +0.90

April: 203.82… +0.80

June: 198.20… +0.83

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Feeder Cattle:

January: 279.72… +1.02

March: 275.25… -1.32

April: 274.42… -1.03

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April Lean Hogs: 89.87… +1.67

March Crude Oil: 73.08… -1.58

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March Corn: 4.8200… -0.0450

March Wheat: 5.3550… -0.0850

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Financial Markets:

DJIA: 44,713.58… +289.33

S & P 500: 6,012.33… -88.89

NASDAQ: 19,341.83… -612.47

U.S. Dollar Index: 107.37… -0.07