Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported on Thursday afternoon that negotiated cash trade has been at a standstill in the Texas Panhandle. In Kansas, Nebraska and the Western Cornbelt negotiated cash trade and demand have been light. A few live FOB purchases in Kansas traded at 199.00. A few dressed delivered purchases in Nebraska at 315.00. However, not enough purchases in any region for a full market trend. Last week in all regions, live FOB purchases traded at 203.00. In Nebraska and the Western Cornbelt, dressed delivered purchases traded from 320.00-321.00.

Negotiated Sales:

Confirmed:       9,021

Week Ago:        4,709

Year Ago:    23,136

Formula Net - Dressed Steers & Heifers:

Head count priced today:  35,400

Weighted avg. weight:       922

Weighted avg. net price:    326.76

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Cattle Slaughter under Federal Inspection:

Wednesday          117,000

Week Ago       117,000

Year Ago        124,349

Week to Date       447,000

Last Week WTD    454,000

Last Year WTD      470,012

Tuesday

Steers & Heifers:     97,000

Cows & Bulls:           20,000

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Boxed Beef:

Cutout Values:

Choice: 312.63… -1.26

Select: 303.18… -0.58

Choice/Select Spread: 9.45

Total Load Count: 101

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Cutter Cow Cutout:

292.64… +1.11

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CME Feeder Cattle Index for Tuesday, February 19th:

278.51… +0.52

52 Week High: 281.68 on 1/30/25

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Futures Settlements:

Live Cattle:  

February: 197.62… -0.20

April: 193.80… -0.97

June: 189.97… -0.95

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Feeder Cattle:

March: 266.82… -2.20

April: 266.37… -2.23

May: 265.07… -1.98

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April Lean Hogs: 88.52… -1.23

March Crude Oil: 72.53… +0.28

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March Corn: 4.9800… +0.0050

March Wheat: 5.8550… -0.0650

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Financial Markets:

DJIA: 44,176.90… -450.56

S & P 500: 6,117.63… -26.46

NASDAQ: 19,962.36… -93.89

U.S. Dollar Index: 106.35… -0.82