Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM, report unavailable.

Negotiated Sales:

Confirmed:          1,591

Week Ago:           3,941

Year Ago:                538

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,900

Weighted avg. weight:         873.00

Weighted avg. net price:     260.45

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago          126,000

Year Ago            124,000

Week to Date    376,000

Last Week          357,000

Last Year            376,000 

Tuesday

Steers & Heifers: 98,000

Cows & Bulls:       28,000

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Boxed Beef:

Cutout Values:

Choice: 287.83…-1.12

Select:  276.43… -2.82

Choice/Select Spread: 11.40

Total Load Count: 100

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Cutter Cow Cutout:

208.11… +0.39

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CME Feeder Cattle Index for February 28th:

183.05… +0.42 / +0.23%

1 Year Change: +14.94%

52 Week Range: 152.31 to 183.59

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Futures Settlements…

Live Cattle:

April: 165.12… -0.35

June: 160.60… -0.75

August: 159.67… -0.58

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Feeder Cattle:

March: 188.30… -1.50

April: 193.85… -1.22

May: 199.00… -0.62

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April Lean Hogs: 84.95… -0.22

March Crude Oil: 77.69… +0.64

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March Corn: 6.4050… +0.1100

March Wheat: 6.9700… +0.0550

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Grain Cash Bids:

Omaha Corn: 6.66… +0.02

Kansas City Wheat: 7.86… +0.03

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Financial Markets:

DJIA: 32,662.56… +7.58

S & P 500: 3,951.61… -18.08

NASDAQ: 11,397.48… -76.06

U.S. Dollar Index: 104.46… -0.41