Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash was slow on moderate demand. Compared to last week live FOB purchases traded 1.00 higher at 172.00. In Kansas negotiated cash was moderate on trade and demand. Compared to last week live FOB purchases traded 1.00-2.00 higher at 172.00. In Nebraska negotiated cash has been mostly inactive on light demand, however not enough purchases for a market trend. Last week in Nebraska live FOB purchases traded from 171.00-172.00, while dressed delivered purchases traded at 270.00. In the Western Cornbelt negotiated cash has been slow on light demand. Compared to last week live FOB purchases traded mostly 2.00 higher from 172.00-172.50. Last week dressed delivered purchases at 270.00.

Negotiated Sales:                                                                                               

Confirmed:    13,379

Week Ago:     10,467

Year Ago:         8,147

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,400

Weighted avg. weight:         902.00

Weighted avg. net price:     274.91

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago           125,000

Year Ago             124,000

Week to Date     350,000

Last Week          497,000

Last Year            380,000

Wednesday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 291.28… -0.20

Select:  259.24… -1.08

Choice/Select Spread: 32.04

Total Load Count: 136

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Cutter Cow Cutout:

200.43… -8.13

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CME Feeder Cattle Index for December 27th:

217.71… -2.80 / -1.27%

1 Year Change: +23.64%

52 Week Range: 175.73 to 254.09

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Futures Settlements…

Live Cattle:

December: 171.20… +0.48

February: 168.92… -0.35

April: 172.27… -0.70

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Feeder Cattle:

January: 222.47… -2.00

March: 223.12… -2.28

April: 228.92… -1.98

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February Lean Hogs: 68.45… -1.42

February Crude Oil: 71.77… -2.34

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March Corn: 4.7425… -0.0225

March Wheat: 6.3150… +0.0850

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Grain Cash Bids:

Omaha Corn: 4.64… -0.03

Kansas City Wheat: 5.91… +0.06

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Financial Markets:

DJIA: 37,710.63… +53.32

S & P 500: 4,783.42… +1.78

NASDAQ: 15,095.14… -4.04

U.S. Dollar Index: 101.20… +0.21