Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trade has been mostly inactive with very light demand. Not enough purchases for a market trend. The latest established market was last week in these regions. In the Southern Plains live purchases traded at 156.00. In Nebraska live and dressed purchases traded from 156.00-157.00 and from 250.00-252.00, respectively. In the Western Cornbelt live and dressed purchases traded at 158.00 and from 250.00-252.00, respectively.

Negotiated Sales:

Confirmed:        140

Week Ago:         521

Year Ago:      10,021

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,400

Weighted avg. weight:         868.00

Weighted avg. net price:     256.03

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Cattle Slaughter under Federal Inspection

Tuesday (est)                        125,000

Week ago (est)                      129,000

Year ago (act)                        110,000

Week to Date                        243,000

Same Period Last Week      241,000

Same Period Last Year        247,000

Monday:

Steers & Heifers:                  94,000

Cows & Bulls:                        29,000

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Boxed Beef:

Cutout Values:

Choice: 276.66… -0.77

Select:  254.53… -2.02

Choice/Select Spread: 22.15

Total Load Count: 133

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Cutter Cow Cutout:

196.02… -0.02

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CME Feeder Cattle Index for January 16th:

181.05… -0.98 / -0.45%

1 Year Change: +12.24%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 157.00… -0.72

April: 160.10… -0.80

June: 156.80… -0.27

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Feeder Cattle:

January: 179.65… -1.60

March: 181.30… -1.57

April: 185.87… -1.18

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February Hogs: 78.45… -0.20

February Crude Oil: 80.18… +0.32

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March Corn: 6.8225… +0.1025

March Wheat: 7.5175… +0.0800

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Grain Cash Bids:

Omaha Corn: 7.14… +0.09

Kansas City Wheat: 8.06… +0.06

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Financial Markets:

DJIA: 33,911.22… -391.45

S & P 500: 3,990.95… -8.11

NASDAQ: 11,095.11… +15.95

U.S. Dollar Index: 102.40… +0.20