Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Western Cornbelt, negotiated cash trading has been limited with light demand. A few live purchases traded at 165.00, not enough for a market trend. Tuesday was the most recent live purchase market from 164.50-165.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded from 260.00-262.00. In Nebraska negotiated cash trading has mostly inactive on light demand. Not enough purchases for a market trend. In the Southern Plains negotiated cash trading has been at a standstill. Last week in these regions live purchases traded at 164.00 and, in Nebraska, dressed purchases traded at 262.00.

Negotiated Sales:

Confirmed:          3,683

Week Ago:         10,135

Year Ago:              8,797

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:         847.00

Weighted avg. net price:     264.79

-

Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago          121,000

Year Ago            126,000

Week to Date    501,000

Last Week          478,000

Last Year            502,000 

Wednesday

Steers & Heifers: 97,000

Cows & Bulls:       29,000

-

Boxed Beef:

Cutout Values:

Choice: 288.50… +0.67

Select:  277.58… +1.15

Choice/Select Spread: 10.92

Total Load Count: 101

-

Cutter Cow Cutout:

207.82…-0.29

-

CME Feeder Cattle Index for March 1st:

184.02… +0.98 / +0.54%

1 Year Change: +16.63%

52 Week Range: 152.31 to 184.02

-

Futures Settlements…

Live Cattle:

April: 164.10… -1.02

June: 159.45… -1.15

August: 158.72… -0.95

-

Feeder Cattle:

March: 188.57… +0.27

April: 193.85… Unchanged

May: 198.82… -0.18

-

April Lean Hogs: 83.85… -1.10

March Crude Oil: 77.69

-

March Corn: 6.3775… -0.0275

March Wheat: 7.0125… +0.0425

-

Grain Cash Bids:

Omaha Corn: 6.63… -0.03

Kansas City Wheat: 7.90… +0.04

-

Financial Markets:

DJIA: 33,005.12… +342.56

S & P 500: 3,981.54… +29.93

NASDAQ: 11,462.98… +65.50

U.S. Dollar Index: 104.93… +0.45