Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week with live purchases in the Southern Plains and Nebraska at 121.00. Dressed purchases last week in Nebraska traded mostly at 193.00. Last week in the Western Cornbelt, live purchases traded from 121.00-122.00 with dressed purchases mostly at 193.00.

Negotiated Sales:

Confirmed:  230

Week Ago:   430

Year Ago:     169

Formula Net

Dressed Steers & Heifers:

Head count priced today: 35,900

Weighted avg. weight:       869 lbs.

Weighted avg. net price:   194.15

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  121,000

Year ago (act)                    118,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        25,000

Boxed Beef:

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

Cutout Values:

Choice: 208.91… -1.21

Select:  203.70… -0.19

Choice/Select Spread: 5.21

Total Load Count: 99

Cutter Cow Cutout:

185.73… +1.34

CME Feeder Cattle Index:

140.63

Futures…

Live Cattle:

February: 120.30… -1.02

April: 118.67… -1.13

June: 110.45… -0.82

Feeder Cattle:

March: 135.70… +0.50

April: 137.52… +0.02

May: 139.45… -0.12

April Hogs: 65.07… -1.18

February Crude Oil: 49.57… -0.75

March Corn: 3.8175… -0.0175

March Soybeans: 8.8425… +0.0225

March Wheat: 5.5200… -0.0675

Grain Cash Bids:

Kansas City Corn: 3.96… Unchanged

Kansas City Soybeans: 8.84… +0.02

Kansas City Wheat: 5.45… -0.07

Financial Markets:

DJIA: 29,276.78… +173.95

S & P 500: 3,352.10… +24.41

NASDAQ: 9,628.39… +107.88

U.S. Dollar Index: 98.85… +0.17