Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Thursday afternoon that in the Texas Panhandle, negotiated cash trade has been at a standstill. In Kansas, Nebraska and the Western Cornbelt, negotiated cash trade has been limited on light demand. Not enough purchases in any region for a market trend. In the Southern Plains the last reported market was Tuesday with live FOB purchases at 203.00, on a light test. Last week in Nebraska, live FOB and dressed delivered purchases traded at 208.00 and 328.00, respectively. Last week in the Western Cornbelt, live FOB and dressed delivered purchases traded from 205.00-208.00 and at 328.00, respectively.

Negotiated Sales:

Confirmed:       4,709

Week Ago:      33,668

Year Ago:       835

Formula Net - Dressed Steers & Heifers:

Head count priced today:  26,600

Weighted avg. weight:       934

Weighted avg. net price:    331.41

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Cattle Slaughter under Federal Inspection:

Thursday                117,000

Week Ago               118,000

Year Ago         123,300

Week to Date         454,000

Last Week WTD     476,000

Last Year WTD       485,607

Wednesday

Steers & Heifers:     98,000

Cows & Bulls:      22,000

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Boxed Beef:

Cutout Values:

Choice: 317.40… -1.86

Select: 309.84… +0.70

Choice/Select Spread: 7.56

Total Load Count: 116

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Cutter Cow Cutout:

290.59… +0.47

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CME Feeder Cattle Index for February 12th:

274.42… -1.31

52 Week High: 281.68 on 1/30/25

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Futures Settlements:

Live Cattle:  

February: 199.55… +0.40

April: 196.52… +0.80

June: 192.42… +1.05

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Feeder Cattle:

March: 267.97… +3.00

April: 267.97… +2.72

May: 266.30… +2.55

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April Lean Hogs: 93.10… -1.22

March Crude Oil: 71.42… +0.05

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March Corn: 4.9350… +0.0325

March Wheat: 5.7775… +0.0350

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Financial Markets:

DJIA: 44,711.49… +342.81

S & P 500: 6,115.07… +63.14

NASDAQ: 19,645.64… +295.69

U.S. Dollar Index: 107.07… -0.87