Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trade has been mostly inactive on very light demand in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trade has been limited on light demand. In Nebraska a few dressed purchases traded at 252.00. In the Western Cornbelt a few live purchases traded from 158.00-159.00. However, not enough purchases in any feeding region for a full market test. The latest established market in any region was last week with live purchases In the Southern Plains and Nebraska at 157.00 and dressed purchases at 252.00 in Nebraska. In the Western Cornbelt last week live and dressed purchases traded from 158.00-160.00 and at 252.00, respectively.

Negotiated Sales:

Confirmed:   14,090

Week Ago:    15,098

Year Ago:        4,188

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:         880.00

Weighted avg. net price:     255.74

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 122,000

Week ago (est)                     127,000

Year ago (act)                       116,000

Week to Date                       505,000

Same Period Last Week     385,000

Same Period Last Year       457,000

Tuesday:

Steers & Heifers:                  97,000

Cows & Bulls:                       30,000

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Boxed Beef:

Cutout Values:

Choice: 277.49… -3.24

Select:  257.01… -1.09

Choice/Select Spread: 20.48

Total Load Count: 132

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Cutter Cow Cutout:

195.11… -0.97

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CME Feeder Cattle Index for January 11th:

182.36… +0.04 / +0.02%

1 Year Change: +12.56%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 157.55… -0.20

April: 160.92… -0.40

June: 156.92… -0.40

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Feeder Cattle:

January: 182.12… -1.00

March: 184.27… -1.28

April: 188.40… -1.17

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February Hogs: 78.75… -0.55

February Crude Oil: 78.39… +0.98

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March Corn: 6.7100… +0.1500

March Wheat: 7.4275… +0.0275

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Grain Cash Bids:

Omaha Corn: 7.05… +0.14

Kansas City Wheat: 7.85… +0.03

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Financial Markets:

DJIA: 34,189.25… +217.00

S & P 500: 3,983.09… +13.58

NASDAQ: 11,001.10… +69.43

U.S. Dollar Index: 102.27… -0.92