Texas Daily Ag Market Summary

Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been mostly inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains live purchases traded at 113.00. So far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been slow with light to moderate demand. In Nebraska a few early dressed purchases have traded at 180.00. However, not enough trades for a full market trend. For the prior week inNebraska live and dressed trades were from 112.00-113.00 and 178.00, respectively. In the Western Cornbelt dressed purchases, when compared to last week, traded steady to 2.00 higher from 178.00-180.00. A few live purchases traded 0.50-3.00 higher at 113.00. However, not enough live trades for a full market trend. For the previous week live purchases traded from 110.00-112.50.

Negotiated Sales:

Confirmed:         25,083

Week Ago:            6,048

Year Ago:            28,985

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,900

Weighted avg. weight:       900 lbs.

Weighted avg. net price:    180.95

Cattle Slaughter under Federal Inspection:

Thursday (est)                     116,000

Week ago (est)                    120,000

Year ago (act)                      122,000

Week to Date                      470,000

Same Period Last Week    471,000

Same Period Last Year      487,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        27,000

Boxed Beef:

Cutout Values:

Choice: 234.25… -1.03

Select:  220.44… -2.95

Choice/Select Spread: 13.81

Total Load Count: 132

Cutter Cow Cutout:

179.70… +0.34

CME Feeder Cattle Index for February 3rd:

136.27… -0.17

Futures Settlements…

Live Cattle:

February: 116.45… +0.98

April: 123.75… +1.30

June: 120.20… +0.73

Feeder Cattle:

March: 139.50… +0.98

April: 142.67… +0.85

May: 145.07… +0.75

April Hogs: 79.30… +0.10

March Crude Oil: 56.23… +0.54

March Corn: 5.5000… -0.0200

March Wheat: 6.3750… -0.1075

Grain Cash Bids:

Kansas City Corn: 5.43… -0.02

Kansas City Wheat: 5.89… -0.07

Financial Markets:

DJIA: 31,056.19… +333.18

S & P 500: 3,871.74… +41.61

NASDAQ: 13,777.74… +167.20

U.S. Dollar Index: 91.53… +0.36