Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. For the previous week in these regions live purchases traded mostly at 164.00. Last week in Nebraska dressed purchases traded at 262.00. For the prior week in the Western Cornbelt dressed purchases traded from 260.00-262.00.

Negotiated Sales:

Confirmed:          1,034

Week Ago:              417

Year Ago:                382

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:         869.00

Weighted avg. net price:     259.71

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Cattle Slaughter under Federal Inspection

Monday              124,000

Week Ago          104,000

Year Ago            125,000

Friday

Steers & Heifers: 95,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 288.34… +1.06

Select:  279.25… +2.17

Choice/Select Spread: 9.09

Total Load Count: 69

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Cutter Cow Cutout:

205.95… -1.14

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CME Feeder Cattle Index for February 24th:

182.24… -0.53 / -0.29%

1 Year Change: +13.96%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

February: 165.00… -0.20

April: 164.97… -0.40

June: 160.87… -0.20

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Feeder Cattle:

March: 189.17… +0.10

April: 194.22… +0.65

May: 198.72… +0.67

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April Lean Hogs: 84.72… -1.30

March Crude Oil: 75.68… -0.64

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March Corn: 6.4275… -0.0725

March Wheat: 6.9600… -0.1225

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Grain Cash Bids:

Omaha Corn: 6.78… -0.02

Kansas City Wheat: 7.87… -0.18

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Financial Markets:

DJIA: 32,889.29… +72.24

S & P 500: 3,982.35…+12.30

NASDAQ: 11,466.98…+72.04

U.S. Dollar Index: 104.68…-0.53