Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade has been at a standstill in the Southern Plains, Nebraska and Western Cornbelt. 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:          106

Week Ago:           582

Year Ago:          4,006

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,400

Weighted avg. weight:         880.00

Weighted avg. net price:     250.88

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       127,000

Week ago (est)                     127,000

Year ago (act)                       123,000

Week to Date                       248,000

Same Period Last Week     251,000

Same Period Last Year       242,000

Monday:

Steers & Heifers:                  95,000

Cows & Bulls:                        26,000

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Boxed Beef:

Cutout Values:

Choice: 266.09… -2.01

Select:  252.92… +1.40

Choice/Select Spread: 13.17

Total Load Count: 118

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Cutter Cow Cutout:

196.79… -0.27

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CME Feeder Cattle Index for January 30th:

180.42… +0.54 / +0.30%

1 Year Change: +13.64%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 158.85… +0.10

April: 163.02… -0.33

June: 159.15… -0.32

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Feeder Cattle:

March: 186.15… +2.23

April: 190.05… +1.78

May: 193.97… +1.25

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April Lean Hogs: 86.42… -0.10

March Crude Oil: 78.87… +0.97

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March Corn: 6.7975… -0.0400

March Wheat: 7.6125… +0.0875

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Grain Cash Bids:

Omaha Corn: 7.15…-0.04

Kansas City Wheat: 8.29…+0.05

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Financial Markets:

DJIA: 34,086.89… +369.21

S & P 500: 4,076.70… +58.80

NASDAQ: 11,584.55… +190.74

U.S. Dollar Index: 102.08… -0.20