Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trade has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. 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:             184

Week Ago:           5,515

Year Ago:             3,645

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,100

Weighted avg. weight:         862.00

Weighted avg. net price:     257.54

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago          125,000

Year Ago            125,000

Week to Date    357,000

Last Week          376,000

Last Year            360,000 

Monday

Steers & Heifers: 99,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 287.91… +0.71

Select:  273.64… +2.80

Choice/Select Spread: 14.27

Total Load Count: 97

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Cutter Cow Cutout:

205.57… +0.18

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CME Feeder Cattle Index for February 21st:

182.60… +0.01 / +0.01%

1 Year Change: +12.54%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 164.90… +0.15

April: 165.07… -0.03

June: 161.10… +0.23

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Feeder Cattle:

March: 187.97… +1.10

April: 191.75… +0.95

May: 195.62… +0.75

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April Lean Hogs: 86.55… -2.55

March Crude Oil: 73.95… -2.21

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March Corn: 6.7400… -0.0650

March Wheat: 7.3650… -0.1400

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Grain Cash Bids:

Omaha Corn: 6.94… -0.08

Kansas City Wheat: 8.46… -0.28

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Financial Markets:

DJIA: 33,046.33… -84.05

S & P 500: 3,991.28… -6.11

NASDAQ: 11,507.07… +14.77

U.S. Dollar Index: 104.58… +0.40