Texas Daily Ag Market News Summary

 

Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains and Nebraska, negotiated cash trade has been slow to moderate with moderate demand. In the Southern Plains and Nebraska, compared to last week, the bulk of live purchase traded 1.00 lower at 156.00, a light test was note in Nebraska. In Nebraska, compared to the last dressed purchase market on Thursday, dressed traded steady from 250.00-252.00, with a light test. In the Western Cornbelt negotiated cash trade has been limited on light demand. Thursday was the last reported live purchase market with live from 157.00-159.00. Not enough dressed purchases for a market test. Last week dressed purchases traded at 252.00.

Negotiated Sales:

Confirmed:   23,513

Week Ago:    13,602

Year Ago:        3,848

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,500

Weighted avg. weight:         868.00

Weighted avg. net price:     255.56

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Cattle Slaughter under Federal Inspection

Thursday (est)                      123,000

Week ago (est)                      125,000

Year ago (act)                        112,000

Week to Date                        628,000

Same Period Last Week      510,000

Same Period Last Year        569,000

Wednesday:

Steers & Heifers:                  93,000

Cows & Bulls:                       29,000

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Boxed Beef:

Cutout Values:

Choice: 276.62… -0.87

Select:  256.89… -0.12

Choice/Select Spread: 19.73

Total Load Count: 104

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Cutter Cow Cutout:

195.79… +0.68

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CME Feeder Cattle Index for January 12th:

182.03… -0.33 / -0.18%

1 Year Change: +12.50%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 157.72… +0.17

April: 160.90… -0.02

June: 157.07… +0.15

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Feeder Cattle:

January: 181.25… -0.87

March: 182.87… -1.40

April: 187.05… -1.35

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February Hogs: 78.65… -0.10

February Crude Oil: 79.86… +1.47

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March Corn: 6.7500… +0.0400

March Wheat: 7.4375… +0.0100

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Grain Cash Bids:

Omaha Corn: 7.09… +0.04

Kansas City Wheat: 7.94… +0.09

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Financial Markets:

DJIA: 34,302.67… +113.42

S & P 500: 3,999.06… +15.97

NASDAQ: 11,079.16… +78.06

U.S. Dollar Index: 102.18… -0.07