Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in all trading regions, negotiated cash has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 171.00. Last week in Kansas live FOB purchases traded from 170.00-171.00. Last week in Nebraska live FOB purchases traded from 171.00-172.00, while dressed delivered purchases traded at 270.00. Last week in the Western Cornbelt live FOB purchases traded at 170.00 and dressed delivered purchases at 270.00.

Negotiated Sales:                                                                                               

Confirmed:          131

Week Ago:      10,467

Year Ago:          1,016

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,800

Weighted avg. weight:         900.00

Weighted avg. net price:     273.95

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Cattle Slaughter under Federal Inspection

Wednesday       125,000

Week Ago           123,000

Year Ago             124,000

Week to Date     225,000

Last Week          372,000

Last Year             256,000

Friday

Steers & Heifers: 76,000

Cows & Bulls:       24,000

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Boxed Beef:

Cutout Values:

Choice: 291.48… -1.83

Select:  260.32… -0.87

Choice/Select Spread: 31.16

Total Load Count: 106

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Cutter Cow Cutout:

208.56… +9.87

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CME Feeder Cattle Index for December 26th:

220.51… -0.52 / -0.24%

1 Year Change: +25.03%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 170.72… +0.15

February: 169.27… -1.13

April: 172.97… -0.48

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Feeder Cattle:

January: 224.47… +0.92

March: 225.40… +0.83

April: 230.90… +0.83

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February Lean Hogs: 69.87… +0.57

February Crude Oil: 74.11… -1.46

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March Corn: 4.7650… -0.0375

March Wheat: 6.2300… -0.1325

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Grain Cash Bids:

Omaha Corn: 4.67… -0.03

Kansas City Wheat: 5.85… -0.10

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Financial Markets:

DJIA: 37,657.11… +111.58

S & P 500: 4,781.64… +6.87

NASDAQ: 15,099.18… +24.61

U.S. Dollar Index: 100.95… -0.53