Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains, Nebraska and Western Cornbelt. Last week was the latest established market in these regions. In the Texas Panhandle live purchases traded at 160.00. In Kansas live purchases traded from 160.00-161.00. In Nebraska live and dressed purchases traded from 157.00-160.00 and at 254.00, respectively. In the Western Cornbelt live and dressed purchases traded at 160.00 and at 254.00, respectively.

Negotiated Sales:

Confirmed:               33

Week Ago:              116

Year Ago:                  69

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,500

Weighted avg. weight:         863.00

Weighted avg. net price:     255.26

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Cattle Slaughter under Federal Inspection

Monday (est)     126,000

Week ago (est)   120,000

Year ago (act)     122,000

Friday:

Steers & Heifers:  93,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 269.95… +0.29

Select:  256.21… +1.92

Choice/Select Spread: 13.74

Total Load Count: 116

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Cutter Cow Cutout:

203.13… +1.33

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CME Feeder Cattle Index for February 10th:

183.33… +0.24 / +0.13%

1 Year Change: +12.36%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 162.27… +1.07

April: 165.10… +1.15

June: 160.42… +0.67

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Feeder Cattle:

March: 187.20… +0.80

April: 191.60… +0.93

May: 195.57… +1.02

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April Lean Hogs: 86.35… +3.03

March Crude Oil: 80.14… +0.42

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March Corn: 6.8500… +0.0450

March Wheat: 7.9200… +0.0600

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Grain Cash Bids:

Omaha Corn: 7.11… +0.03

Kansas City Wheat: 8.82… +0.03

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Financial Markets:

DJIA: 34,246.32… +376.92

S & P 500: 4,137.40… +46.92

NASDAQ: 11,891.79… +173.67

U.S. Dollar Index: 103.31… -0.32