Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday. negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. A few live purchases in Nebraska traded at 161.00. A few live purchases in the Western Cornbelt traded at 164.00. However, not enough purchases for a market trend. The latest established market in these regions was last week. In the Southern Plains live purchase traded at 162.00. In Nebraska live purchases from 159.00-161.00 and dressed purchases at 257.00. In the Western Cornbelt live purchases from 160.00-162.00 and dressed purchases from 254.00-257.00.

Negotiated Sales:

Confirmed:          3,941

Week Ago:              927

Year Ago:             1,076

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,800

Weighted avg. weight:         850.00

Weighted avg. net price:     260.99

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Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          125,000

Year Ago            125,000

Week to Date    231,000

Last Week          251,000

Last Year            231,000 

Monday

Steers & Heifers: 78,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 287.20… +4.31

Select:  270.84… +2.79

Choice/Select Spread: 16.36

Total Load Count: 114

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Cutter Cow Cutout:

205.39… +0.90

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CME Feeder Cattle Index for February 20th:

182.59… -0.04 / -0.02%

1 Year Change: +12.62%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 164.75… +1.18

April: 165.10… +0.45

June: 160.87… +0.75

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Feeder Cattle:

March: 186.87… +0.35

April: 190.80… +0.35

May: 194.87… +0.52

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April Lean Hogs: 89.10… +3.83

March Crude Oil: 76.16… -0.18

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March Corn: 6.8050… -0.0275

March Wheat: 7.5050… -0.1500

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Grain Cash Bids:

Omaha Corn: 7.06… +0.03

Kansas City Wheat: 8.74… -0.03

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Financial Markets:

DJIA: 33,130.38… -696.54

S & P 500: 3,997.39… -81.82

NASDAQ: 11,492.30… -294.67

U.S. Dollar Index: 104.16… -0.29