Texas Daily Ag Market News Summary

Slaughter Cattle:

As of 3:00 PM Thursday in the Western Cornbelt, negotiated cash trade has been limited on light demand. A few live purchases traded at 154.00. In the Southern Plains negotiated cash trade has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive with very light demand. However, not enough purchases in any region for a full market trend. 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:         3,271

Week Ago:        18,987

Year Ago:          19,239

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,600

Weighted avg. weight:         858.00

Weighted avg. net price:     254.61

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Cattle Slaughter under Federal Inspection

Thursday (est)  125,000

Week ago (est)  126,000

Year ago (act)    114,000

Week to Date    500,000

Last Week          504,000

Last Year            476,000

Wednesday:

Steers & Heifers: 98,000

Cows & Bulls:       29,000

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Boxed Beef:

Cutout Values:

Choice: 265.10… +0.03

Select:  253.66… +0.88

Choice/Select Spread: 11.44

Total Load Count: 150

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Cutter Cow Cutout:

199.09… +2.09

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CME Feeder Cattle Index for February 1st:

180.90… +0.53 / +0.29%

1 Year Change: +13.59%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 159.75… +1.33

April: 163.82… +1.60

June: 160.00… +1.30

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Feeder Cattle:

March: 185.92… +2.67

April: 190.07… +2.12

May: 194.25… +1.85

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April Lean Hogs: 86.00… +1.70

March Crude Oil: 75.88… -0.53

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March Corn: 6.7525… -0.0575

March Wheat: 7.7200… +0.1225

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Grain Cash Bids:

Omaha Corn: 7.10… -0.06

Kansas City Wheat: 8.41… +0.08

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Financial Markets:

DJIA: 34,053.74… -40.60

S & P 500: 4,179.73…+60.26

NASDAQ: 12,200.82… +384.50

U.S. Dollar Index: 101.72… +0.50