Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in Nebraska and Western Cornbelt, negotiated cash trading has been slow on moderate demand. In Nebraska live purchases, on a light test, traded steady to 1.00 higher at 164.00, when compared to the last reported market on Thursday. Not enough dressed purchases in any price range for a market trend. Last week dressed purchases traded at 257.00. In the Western Cornbelt a few live purchases traded at 163.00. However, not enough live or dressed purchases for a market trend. Thursday was the fully reported live and dressed purchase market at 164.00 and at 260.00, respectively. In the Southern Plains negotiated cash trade has been mostly inactive on light demand. Not enough purchases for a market trend. The latest established market in the Southern Plains was last week with live purchases at 162.00.

Negotiated Sales:

Confirmed:        15,133

Week Ago:         24,528

Year Ago:              6,594

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:         848.00

Weighted avg. net price:     260.18

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Cattle Slaughter under Federal Inspection

Friday                 122,000

Week Ago          121,000

Year Ago            117,000

Week to Date    600,000

Last Week          620,000

Last Year            600,000 

Thursday

Steers & Heifers: 95,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 287.28… -0.63

Select:  277.08… +1.21

Choice/Select Spread: 10.20

Total Load Count: 95

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Cutter Cow Cutout:

207.09… +1.25

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CME Feeder Cattle Index for February 23rd:

182.77… +0.20 / +0.11%

1 Year Change: +13.82%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 165.20… +0.05

April: 165.37… +0.05

June: 161.07… -0.20

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Feeder Cattle:

March: 189.07… -0.15

April: 193.57… -0.10

May: 198.05… +0.33

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April Lean Hogs: 86.02… -0.18

March Crude Oil: 76.32… +0.93

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March Corn: 6.5000… -0.1025

March Wheat: 7.0825… -0.3000

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Grain Cash Bids:

Omaha Corn: 6.80… -0.07

Kansas City Wheat: 8.05… -0.27

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Financial Markets:

DJIA: 32,817.05… -339.36

S & P 500: 3,970.05… -42.34

NASDAQ: 11,394.94… -195.46

U.S. Dollar Index: 105.24… +0.64