Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at standstill in the Southern Plains, Nebraska and Western Cornbelt. Last week in the Southern Plains live purchases traded at 157.00. For the prior week in Nebraska live and dressed purchases traded at 158.00 and 252.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 157.00-160.00 and from 250.00-252.00, respectively.

Negotiated Sales:

Confirmed:        170

Week Ago:         312

Year Ago:           404

Formula Net - Dressed Steers and Heifers:

Head count priced today:   32,600

Weighted avg. weight:         878.00

Weighted avg. net price:     252.91

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     128,000

Year ago (act)                       116,000

Week to Date                       133,000

Same Period Last Week     134,000

Same Period Last Year       223,000

Friday:

Steers & Heifers:                95,000

Cows & Bulls:                      27,000

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Boxed Beef:

Cutout Values:

Choice: 286.95… +4.97

Select:  254.63… +3.70

Choice/Select Spread: 32.32

Total Load Count: 117

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Cutter Cow Cutout:

193.97… +1.00

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CME Feeder Cattle Index for January 2nd:

181.02… -0.91 / -0.50%

1 Year Change: +11.50%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 156.85… -1.05

April: 160.87… -0.93

June: 156.82… -1.00

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Feeder Cattle:

January: 182.70… -1.00

March: 184.77… -1.45

April: 188.77… -0.85

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February Hogs: 85.07… -2.63

February Crude Oil: 76.93… -3.33

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March Corn: 6.7050… -0.0800

March Wheat: 7.7550… -0.1650

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Grain Cash Bids:

Omaha Corn: 7.15… -0.08

Kansas City Wheat: 8.34… -0.19

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Financial Markets:

DJIA: 33,134.59… -12.66

S & P 500: 3,823.94… -15.56

NASDAQ: 10,386.98… -79.50

U.S. Dollar Index: 104.61… +1.09