Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Southern Plains negotiated cash trading has been slow to moderate with light to moderate demand. In the Texas Panhandle, compared to last week, live purchases traded mostly 2.00 higher at 162.00. In Kansas, compared to last week, live purchases traded 1.00-2.00 higher at 162.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Nebraska dressed purchases traded steady at 257.00, when compared to the last reported market on Thursday. Not enough live purchases for a market trend. Thursday was the reported live purchase market at 160.00. In the Western Cornbelt not enough live or dressed purchases for a full market trend. Thursday was the most recent reported market with live and dressed purchases at 162.00 and at 257.00, respectively.

Negotiated Sales:

Confirmed:         24,528

Week Ago:          12,501

Year Ago:              2,396

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,700

Weighted avg. weight:         852.00

Weighted avg. net price:     256.80

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Cattle Slaughter under Federal Inspection

Friday (est)           121,000

Week ago (est)     122,000

Year ago (act)       122,000

Week to Date       620,000

Last Week             615,000

Last Year               617,000

Thursday:

Steers & Heifers:   94,000

Cows & Bulls:         29,000

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Boxed Beef:

Cutout Values:

Choice: 281.04… +1.49

Select:  265.89… +3.25

Choice/Select Spread: 15.15

Total Load Count: 70

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Cutter Cow Cutout:

204.37… +0.36

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CME Feeder Cattle Index for February 16th:

182.63… -0.40 / -0.22%

1 Year Change: +12.62%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 163.57… +0.80

April: 164.65… +0.58

June: 160.12… +0.40

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Feeder Cattle:

March: 186.52… +0.30

April: 190.45… -0.15

May: 194.35… -0.12

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April Lean Hogs: 85.27… -0.50

March Crude Oil: 76.34… -2.15

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March Corn: 6.7725… +0.0175

March Wheat: 7.6550… +0.0050

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Grain Cash Bids:

Omaha Corn: 7.03… +0.02

Kansas City Wheat: 8.77… +0.08

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Financial Markets:

DJIA: 33,826.92… +130.53

S & P 500: 4,079.21…-11.30

NASDAQ: 11,787.27…-68.56

U.S. Dollar Index: 103.87… -0.01