Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been slow to moderate on light to moderate demand. Compared to last week live cash trades moved 1.00 lower at 121.00. Thus far for Friday in Nebraska negotiated cash trading has been slow to moderate on moderate demand. A few early live cash trades moved mostly at 121.00 and a few early dressed cash trades moved from 193.00 to 194.00. However, not enough trades for a full market trend. Last week live cash trades moved at 122.00 and dressed cash trades moved at 195.00. So far for Friday in the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough trades for a market trend. In the Western Cornbelt for the previous week live cash trades moved from 122.00-123.00 and the bulk of dressed cash trades moved from 194.00-195.00.

Negotiated Sales:

Confirmed:  36,150

Week Ago:   15,617

Year Ago:       4,171

Formula Net

Dressed Steers & Heifers:

Head count priced today: 25,400

Weighted avg. weight:       869 lbs.

Weighted avg. net price:   196.65

Cattle Slaughter under Federal Inspection:

Friday (est)                        115,000

Week ago (est)                  122,000

Year ago (act)                    114,000

Week to Date                    601,000

Same Period Last Week   607,000

Same Period Last year      591,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

Boxed Beef:

Boxed beef cutout values lower on Choice and Sharply lower on Select on light to moderate demand and offerings. Select and Choice chuck, round, and loin cuts steady to weak. Choice rib cuts steady while Select lower. Beef trimmings mostly sharply lower on light demand and heavy offerings.

Cutout Values:

Choice: 210.12… -0.81

Select:  203.89… -2.07

Choice/Select Spread: 4.97

Total Load Count: 130

Cutter Cow Cutout:

184.39… -1.82

CME Feeder Cattle Index:

140.63… -0.90

Futures…

Live Cattle:

February: 121.32… +0.20

April: 119.80… +0.05

June: 111.27… +0.10

Feeder Cattle:

March: 135.20… -0.70

April: 137.50… -0.07

May: 139.57… -0.40

April Hogs: 66.25… +1.38

February Crude Oil: 50.32… -0.53

March Corn: 3.8350… +0.0425

March Soybeans: 8.8200… +0.0100

March Wheat: 5.5875… +0.0250

Grain Cash Bids:

Kansas City Corn: 3.96… +0.04

Kansas City Soybeans: 8.82… +0.03

Kansas City Wheat: 5.51… -0.05

Financial Markets:

DJIA: 29,102.83… -277.21

S & P 500: 3,327.69… -18.08

NASDAQ: 9,520.51… -51.64

U.S. Dollar Index: 98.69… +0.19