Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash was slow on light demand. The most recent market in the Texas Panhandle was Thursday with live FOB at 172.00. In the Kansas negotiated cash was slow on light to moderate demand. The most recent market in Kansas was Thursday live FOB purchases at 172.00. In the Nebraska negotiated cash was slow on light demand. The most recent market was Thursday with live FOB purchases from 172.00-173.00, with dressed delivered purchases at 273.00. In the Western Cornbelt negotiated cash was slow on light demand. The most recent market in the Western Cornbelt was Thursday with live FOB purchases at 172.00, dressed delivered purchases at 273.00, on a light test.

Negotiated Sales:

Confirmed:      9,909

Week Ago:     18,286

Year Ago:       22,837

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:         893.00

Weighted avg. net price:     275.38

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Cattle Slaughter under Federal Inspection

Friday                 125,000

Week Ago           117,000

Year Ago             119,000

Week to Date     475,000

Last Week          614,000

Last Year            499,000

Thursday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 289.71… -1.57

Select:  260.33… +1.09

Choice/Select Spread: 29.38

Total Load Count: 94

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Cutter Cow Cutout:

203.78… +3.35

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CME Feeder Cattle Index for December 28th:

215.98… -1.73 / -0.79%

1 Year Change: +20.10%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

December: 173.67… +2.47

February: 168.50… -0.42

April: 172.25… -0.02

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Feeder Cattle:

January: 222.30… -0.17

March: 223.10… -0.02

April: 228.90… -0.02

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February Lean Hogs: 67.97… -0.48

February Crude Oil: 71.65… -0.12

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March Corn: 4.7125… -0.0300

March Wheat: 6.2800… -0.0350

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Grain Cash Bids:

Omaha Corn: 4.61…-0.03

Kansas City Wheat: 5.90… -0.01

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Financial Markets:

DJIA: 37,689.40… -21.23

S & P 500: 4,769.92… -13.50

NASDAQ: 15,011.35… -83.79

U.S. Dollar Index: 101.33… +0.10