Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Thursday afternoon that in the Southern Plains, negotiated cash trading has been moderate on very good demand. Compared to last week live FOB purchases traded 6.00-7.00 higher at 208.00. A few live FOB purchases in Kansas traded up to 209.00. In Nebraska and the Western Cornbelt, negotiated cash trading has been slow with moderate demand. In Nebraska, a few dressed delivered purchases traded at 330.00. In the Western Cornbelt, a few live FOB purchases traded at 210.00. However, not enough purchases in either of these regions for a full market trend. Last week in Nebraska and the Western Cornbelt, live FOB purchases traded from 210.00-212.00. Dressed delivered purchases traded from 328.00-330.00 in Nebraska and 330.00 in the Western Cornbelt.

Negotiated Sales:

Confirmed:    17,747

Week Ago:    1,104

Year Ago:    1,266

Formula Net - Dressed Steers & Heifers:

Head count priced today: 33,800

Weighted avg. weight:      923

Weighted avg. net price:  327.56

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Cattle Slaughter under Federal Inspection:

Thursday                122,000

Week Ago               123,000

Year Ago         126,814

Week to Date         484,000

Last Week WTD     486,000

Last Year WTD       500,942

Wednesday

Steers & Heifers:   102,000

Cows & Bulls:      22,000

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Boxed Beef:

Cutout Values:

Choice: 327.48… -3.06

Select: 315.90… -4.77

Choice/Select Spread: 11.58

Total Load Count: 138

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Cutter Cow Cutout:

285.48… -0.06

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CME Feeder Cattle Index for January 29th:

281.07… +1.62

52 Week High: 281.07 on 1/29/25

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Futures Settlements:

Live Cattle:  

February: 204.47… -2.55

April: 201.50… -3.45

June: 195.77… -2.98

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Feeder Cattle:

January: 281.90… +1.35

March: 273.20… -2.07

April: 272.32… -2.28

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April Lean Hogs: 91.92… +0.60

March Crude Oil: 73.05… +0.43

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March Corn: 4.9025… -0.0675

March Wheat: 5.6650… +0.0400

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Financial Markets:

DJIA: 44,881.64… +168.37

S & P 500: 6,071.18… +31.89

NASDAQ: 19,681.75… +49.43

U.S. Dollar Index: 108.17… +0.17