Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Wednesday afternoon that negotiated cash trading has been mostly inactive on light demand in all trading regions. Not enough purchases in any region for a market trend. 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:         699

Week Ago:       1,291

Year Ago:      331

Formula Net - Dressed Steers & Heifers:

Head count priced today: 26,200

Weighted avg. weight:      911

Weighted avg. net price:  324.99

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Cattle Slaughter under Federal Inspection:

Wednesday           124,000

Week Ago        124,000

Year Ago         124,231

Week to Date         362,000

Last Week WTD     363,000

Last Year WTD       374,128

Tuesday

Steers & Heifers:   100,000

Cows & Bulls:      24,000

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Boxed Beef:

Cutout Values:

Choice: 330.54… -1.91

Select: 320.67… -1.29

Choice/Select Spread: 9.87

Total Load Count: 160

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Cutter Cow Cutout:

285.54… +2.38

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CME Feeder Cattle Index for January 28th:

279.45… +0.42

52 Week High: 279.45 on 1/28/25

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Futures Settlements:

Live Cattle:  

February: 207.02… -1.53

April: 204.95… -2.32

June: 198.75… -2.60

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Feeder Cattle:

January: 280.55… -1.27

March: 275.27… -2.98

April: 274.60… -3.20

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April Lean Hogs: 91.32… +0.42

March Crude Oil: 72.91… -0.86

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March Corn: 4.9700… +0.1175

March Wheat: 5.6250… -0.1725

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Financial Markets:

DJIA: 44,713.27… -136.89

S & P 500: 6,039.29… -28.43

NASDAQ: 19,632.32… -101.27

U.S. Dollar Index: 108.04… +0.17