Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trade has been mostly inactive on light demand. In Nebraska and Western Cornbelt negotiated cash trade has been limited on light demand. In Nebraska a few live purchases traded at 164.00. However, not enough purchases for a market trend in any region. 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:        10,135

Week Ago:           7,740

Year Ago:           21,788

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,700

Weighted avg. weight:         854.00

Weighted avg. net price:     261.67

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Cattle Slaughter under Federal Inspection

Thursday           121,000

Week Ago          123,000

Year Ago            123,000

Week to Date    478,000

Last Week          499,000

Last Year            483,000 

Wednesday

Steers & Heifers: 98,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 287.91… Unchanged

Select:  275.87… +2.23

Choice/Select Spread: 14.27

Total Load Count: 107

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Cutter Cow Cutout:

205.84… +0.27

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CME Feeder Cattle Index for February 22nd:

182.57… -0.03 / -0.02%

1 Year Change: +12.82%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 165.15… +0.25

April: 165.32… +0.25

June: 161.27… +0.17

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Feeder Cattle:

March: 189.22… +1.25

April: 193.67… +1.92

May: 197.72… +2.10

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April Lean Hogs: 86.20… -0.35

March Crude Oil: 75.39… +1.44

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March Corn: 6.6025… -0.1375

March Wheat: 7.3825… +0.0175

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Grain Cash Bids:

Omaha Corn: 6.80… -0.14

Kansas City Wheat: 8.32… -0.14

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Financial Markets:

DJIA: 33,156.41... +110.08

S & P 500: 4,012.39... +21.11

NASDAQ: 11,590.40... +83.33

U.S. Dollar Index: 104.55... -0.03