Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Thursday afternoon that in the Southern Plains, negotiated cash trade and demand have been moderate. Compared to last week in the Texas Panhandle, live FOB purchases traded 2.00 lower at 206.00. In Kansas, compared to Wednesday, live FOB purchases traded steady at 206.00. In Nebraska and the Western Cornbelt, negotiated cash trade has been slow to moderate on moderate demand. Compared to Wednesday in Nebraska, live FOB and dressed delivered purchases traded steady at 208.00 and 328.00, respectively. In the Western Cornbelt, compared to last week, live FOB purchases traded 2.00-5.00 lower from 205.00-208.00 and dressed delivered traded 2.00 lower at 328.00.

Negotiated Sales:

Confirmed:     33,668

Week Ago:      17,747

Year Ago:       16,809

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,000

Weighted avg. weight:             932

Weighted avg. net price:    333.51

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Cattle Slaughter under Federal Inspection:

Thursday                 118,000

Week Ago                122,000

Year Ago                  121,922

Week to Date          476,000

Last Week WTD      484,000

Last Year WTD        496,639

Wednesday

Steers & Heifers:      99,000

Cows & Bulls:           22,000

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Boxed Beef:

Cutout Values:

Choice: 323.98… -1.36

Select:  314.77… +0.44

Choice/Select Spread: 9.21

Total Load Count: 114

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Cutter Cow Cutout:

290.46… +0.30

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CME Feeder Cattle Index for February 5th:

277.64… -1.39

52 Week High: 281.68 on 1/30/25

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Futures Settlements:

Live Cattle:  

February: 200.62… -2.98

April: 196.77… -4.53

June: 191.82… -4.08

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Feeder Cattle:

March: 265.30… -5.42

April: 265.00… -5.47

May: 263.70… -5.10

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April Lean Hogs: 91.75… +0.20

March Crude Oil: 70.58… -0.45

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March Corn: 4.9525… +0.0200

March Wheat: 5.8775… +0.1550

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Financial Markets:

DJIA: 44,747.63… -125.52

S & P 500: 6,083.52… +22.04

NASDAQ: 19,791.99… +99.66

U.S. Dollar Index: 107.68… +0.10