Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday, negotiated cash trading in Nebraska and Western Cornbelt has been limited on light demand. In Nebraska a few live purchases traded at 159.00. In the Western Cornbelt a few live purchases traded at 162.00. Not enough live or dressed purchases for a full market trend in either region. Last week in Nebraska live and dressed purchases traded from 157.00-160.00 and at 254.00, respectively. For the prior week in the Western Cornbelt live and dressed purchases traded at 160.00 and at 254.00, respectively. In the Southern Plains negotiated cash trading was at a standstill. Last week in the Texas Panhandle live purchases traded at 160.00. For the previous week in Kansas live purchases traded from 160.00-161.00.

Negotiated Sales:

Confirmed:           5,515

Week Ago:            3,336

Year Ago:            35,094

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,300

Weighted avg. weight:         850.00

Weighted avg. net price:     255.34

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Cattle Slaughter under Federal Inspection

Wednesday (est) 125,000

Week ago (est)     124,000

Year ago (act)       124,000

Week to Date       376,000

Last Week             370,000

Last Year               372,000

Tuesday:

Steers & Heifers:  96,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 275.67… +3.61

Select:  261.19… +2.41

Choice/Select Spread: 14.48

Total Load Count: 101

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Cutter Cow Cutout:

204.05…+1.70

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CME Feeder Cattle Index for February 14th:

183.07… +0.01 / +0.01%

1 Year Change: +12.60%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 162.55… +0.40

April: 164.60… -0.07

June: 160.20… -0.02

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Feeder Cattle:

March: 187.32… +0.67

April: 191.15… +0.25

May: 194.97… +0.07

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April Lean Hogs: 86.50… -0.75

March Crude Oil: 78.59… -0.47

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March Corn: 6.7625… -0.0600

March Wheat: 7.6925… -0.1675

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Grain Cash Bids:

Omaha Corn: 7.01… -0.07

Kansas City Wheat: 8.65… -0.11

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Financial Markets:

DJIA: 34,128.34… +38.55

S & P 500: 4,147.76… +11.57

NASDAQ: 12,070.59… +110.44

U.S. Dollar Index: 103.88… +0.65