Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in Kansas and Nebraska. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. 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:              927

Week Ago:            2,057

Year Ago:                761

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,800

Weighted avg. weight:        881.00

Weighted avg. net price:    254.51

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Cattle Slaughter under Federal Inspection

Tuesday (est)      125,000

Week ago (est)    126,000

Year ago (act)      126,000

Week to Date      251,000

Last Week            246,000

Last Year              248,000

Monday:

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 272.06… +2.11

Select:  258.78… +2.57

Choice/Select Spread: 13.28

Total Load Count: 113

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Cutter Cow Cutout:

202.35… -0.78

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CME Feeder Cattle Index for February 13th:

183.06… -0.27 / -0.15%

1 Year Change: +12.51%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 162.15… -0.12

April: 164.67… -0.43

June: 160.22… -0.20

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Feeder Cattle:

March: 186.65… -0.55

April: 190.90… -0.70

May: 194.90… 0.67

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April Lean Hogs: 87.25… +0.90

March Crude Oil: 79.06… -1.08

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March Corn: 6.8225… -0.0275

March Wheat: 7.8600… -0.0600

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Grain Cash Bids:

Omaha Corn: 7.12… -0.03

Kansas City Wheat: 8.76… -0.06

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Financial Markets:

DJIA: 34,089.79… -156.53

S & P 500: 4,136.19… -1.21

NASDAQ: 11,960.15… +68.36

U.S. Dollar Index: 103.22… -0.13