Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 156.00. In Nebraska last week, live and dressed purchases traded from 153.00-156.00 and at 248.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 152.00-157.00 and at 248.00, respectively.

Negotiated Sales:

Confirmed:            65

Week Ago:           106

Year Ago:              855

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,600

Weighted avg. weight:         857.00

Weighted avg. net price:     250.80

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Cattle Slaughter under Federal Inspection

Monday (est)                       126,000

Week ago (est)                     124,000

Year ago (act)                       119,000

Friday:

Steers & Heifers:                  96,000

Cows & Bulls:                        28,000

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Boxed Beef:

Cutout Values:

Choice: 268.10… +0.34

Select:  251.52… +0.98

Choice/Select Spread: 16.58

Total Load Count: 71

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Cutter Cow Cutout:

197.06… +0.71

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CME Feeder Cattle Index for January 27th:

179.88… +0.31 / +0.17%

1 Year Change: +13.53%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 158.75… +2.03

April: 163.35… +2.53

June: 159.47… +1.70

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Feeder Cattle:

March: 183.92… +0.45

April: 188.27… +0.72

May: 192.72… +0.87

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April Lean Hogs: 86.52… +0.07

March Crude Oil: 77.90… +1.78

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March Corn: 6.8375… +0.0075

March Wheat: 7.5250… +0.0250

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Grain Cash Bids:

Omaha Corn: 7.19… Unchanged

Kansas City Wheat: 8.24… +0.06

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Financial Markets:

DJIA: 33,717.68… -259.87

S & P 500: 4,017.90… -52.58

NASDAQ: 11,393.81… -227.90

U.S. Dollar Index: 102.25… +0.32