Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains and Nebraska, negotiated cash trade has mostly inactive on light demand. In the Western Cornbelt negotiated cash trade has been limited on light demand. Not enough purchases in any region for a full market trend. In Nebraska the last reported dressed purchase market was Thursday at 248.00, and last week live purchases traded at 155.00. In the Western Cornbelt the last reported market was Thursday with live and dressed purchases from 152.00-157.00 and at 248.00, respectively. Last week in the Southern Plains live purchases traded at 155.00.

Negotiated Sales:

Confirmed:      5,599

Week Ago:     13,966

Year Ago:         2,904

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:         894.00

Weighted avg. net price:     252.23

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Cattle Slaughter under Federal Inspection

Friday (est)                           124,000

Week ago (est)                     123,000

Year ago (act)                       118,000

Week to Date                       628,000

Same Period Last Week     616,000

Same Period Last Year       598,000

Thursday:

Steers & Heifers:                  98,000

Cows & Bulls:                        28,000

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Boxed Beef:

Cutout Values:

Choice: 267.76… -0.99

Select:  250.54… -0.94

Choice/Select Spread: 17.22

Total Load Count: 111

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Cutter Cow Cutout:

196.35… +1.07

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CME Feeder Cattle Index for January 26th:

179.57… +1.03 / +0.77%

1 Year Change: +13.18%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 156.72… Unchanged

April: 160.82… +0.30

June: 157.77… +0.40

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Feeder Cattle:

March: 183.47… +0.62

April: 187.55… +0.55

May: 191.85… +0.58

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April Lean Hogs: 86.45… -0.55

March Crude Oil: 79.68… -1.33

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March Corn: 6.8300… +0.0050

March Wheat: 7.5000… -0.0250

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Grain Cash Bids:

Omaha Corn: 7.19… +0.02

Kansas City Wheat: 8.18… +0.03

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Financial Markets:

DJIA: 33,977.55… +29.26

S & P 500: 4,070.48… +10.15

NASDAQ: 11,621.71

U.S. Dollar Index: 101.93… +0.09