Jan 02 2024

Texas Daily Ag Market News Summary Posted 115 days ago by Administrator Account

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NO Auction Reports this week due to Christmas Break

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash was at a standstill. Last week in the Southern Plains live FOB purchases traded at 172.00. Last week in Nebraska live FOB purchases traded from 172.00-173.00, with dressed delivered purchases at 273.00. In the Western Cornbelt Negotiated cash trade is slow on light demand. There has been a few early purchases at 175.00, however not enough purchases for a market trend. Last week in the Western Cornbelt live FOB purchases traded at 172.00, while dressed purchases traded at 273.00.

Negotiated Sales:

Confirmed:      2,372

Week Ago:          188

Year Ago:            521

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,700

Weighted avg. weight:        882.00

Weighted avg. net price:     274.91

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Cattle Slaughter under Federal Inspection

Tuesday              126,000

Week Ago           100,000

Year Ago             124,000

Friday

Steers & Heifers: 99,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 284.34… -5.37

Select:  258.86… -1.47

Choice/Select Spread: 25.48

Total Load Count: 139

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Cutter Cow Cutout:

204.14… +0.36

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CME Feeder Cattle Index for December 29th:

228.19… +12.21 / +5.65%

1 Year Change: +26.06%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 171.92… +3.42

April: 174.50… +2.25

June: 171.92… +1.87

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Feeder Cattle:

January: 225.42… +3.12

March: 226.45… +3.35

April: 232.15… +3.25

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February Lean Hogs: 65.32… -2.65

February Crude Oil: 70.38… -1.27

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March Corn: 4.6375… -0.0750

March Wheat: 6.0675… -0.2125

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Grain Cash Bids:

Omaha Corn: 4.59… -0.02

Kansas City Wheat: 5.80… -0.10

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Financial Markets:

DJIA: 37,715.64… +26.24

S & P 500: 4,742.92… -27.00

NASDAQ: 14,765.94… -245.41

U.S. Dollar Index: 102.18… +0.85