Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trade has light on light to moderate demand in the Southern Plains with live purchases steady compared to last week at 157.00. Negotiated cash trading was limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases in these regions for a market trend. 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:      15,055

Week Ago:         8,147

Year Ago:           4,395

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,600

Weighted avg. weight:        880.00

Weighted avg. net price:     253.52

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Cattle Slaughter under Federal Inspection

Thursday (est)                     127,000

Week ago (est)                     126,000

Year ago (act)                       112,000

Week to Date                       385,000

Same Period Last Week     388,000

Same Period Last Year       449,000

Wednesday:

Steers & Heifers:                95,000

Cows & Bulls:                      30,000

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Boxed Beef:

Cutout Values:

Choice: 281.63… -1.26

Select:  256.95… +0.55

Choice/Select Spread: 24.68

Total Load Count: 132

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Cutter Cow Cutout:

193.27… -1.44

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CME Feeder Cattle Index for January 4th:

180.31… -0.42 / -0.23%

1 Year Change: +11.11%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

February: 157.35… +0.08

April: 161.27… -0.15

June: 157.27… -0.08

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Feeder Cattle:

January: 183.80… -1.42

March: 186.55… -1.67

April: 190.52… -1.18

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February Hogs: 82.52… -1.55

February Crude Oil: 73.67… +0.83

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March Corn: 6.5275… -0.0100

March Wheat: 7.4675… +0.0125

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Grain Cash Bids:

Omaha Corn: 6.88… -0.10

Kansas City Wheat: 7.90… -0.08

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Financial Markets:

DJIA: 32,929.72… -339.85

S & P 500: 3,807.99… -44.80

NASDAQ: 10,305.24… -153.82

U.S. Dollar Index: 105.13… +0.87