Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in Nebraska, negotiated cash trading has been slow on light demand. A few live purchases traded at 160.00. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases in any of these regions for a full market trend. In Nebraska Wednesday was the most recent live purchase market from 159.00 160.00. Last week dressed purchases traded at 254.00. In the Western Cornbelt Wednesday was the most recent live purchase market from 160.00-162.00. Last week dressed purchases traded at 254.00. 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:           7,740

Week Ago:            2.610

Year Ago:            13,336

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,400

Weighted avg. weight:         856.00

Weighted avg. net price:     258.98

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Cattle Slaughter under Federal Inspection

Thursday (est)     123,000

Week ago (est)     124,000

Year ago (act)       123,000

Week to Date       499,000

Last Week             494,000

Last Year               495,000

Tuesday:

Steers & Heifers:   96,000

Cows & Bulls:         29,000

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Boxed Beef:

Cutout Values:

Choice: 279.55… +3.88

Select:  262.64…+1.45

Choice/Select Spread: 16.91

Total Load Count: 106

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Cutter Cow Cutout:

204.01… -0.04

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CME Feeder Cattle Index for February 15th:

183.06… -0.01 / -0.01%

1 Year Change: +12.90%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 162.77… +0.22

April: 164.07… -0.53

June: 159.72… -0.48

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Feeder Cattle:

March: 187.22… -1.10

April: 190.60… -0.55

May: 194.47… -0.50

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April Lean Hogs: 85.77… -0.73

March Crude Oil: 78.49… -0.10

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March Corn: 6.7600… -0.0025

March Wheat: 7.6500… -0.0425

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Grain Cash Bids:

Omaha Corn: 7.01… Unchanged

Kansas City Wheat: 8.69… +0.04

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Financial Markets:

DJIA: 33,696.39… -431.95

S & P 500: 4,090.51… -57.25

NASDAQ: 11,855.83… -214.76

U.S. Dollar Index: 104.00… +0.08