Jan 03 2024

Texas Daily Ag Market News Summary Posted 327 days ago by Administrator Account

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Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 172.00. Last week in Kansas live FOB purchases traded at 172.00. In Nebraska negotiated cash trade was slow on light demand. Compared to last week live FOB purchases traded 2.00-3.00 higher at 175.00. Compared to last week dressed delivered purchases traded 2.00 higher at 275.00. In the Western Cornbelt negotiated cash trade was slow on light demand. Compared to the most recent week live FOB purchases traded 3.00 higher at 175.00. Last week dressed purchases traded at 273.00.

Negotiated Sales:

Confirmed:      7,236

Week Ago:          131

Year Ago:         2,946

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:         885.00

Weighted avg. net price:     278.73

 

Cattle Slaughter under Federal Inspection

Wednesday        128,000

Week Ago            125,000

Year Ago              124,000

Week to Date      254,000

Last Week           225,000

Last Year             258,000 

Tuesday

Steers & Heifers: 101,000

Cows & Bulls:         25,000

 

Boxed Beef:

Cutout Values:

Choice: 278.03… -6.31

Select:  258.85… -0.01

Choice/Select Spread: 19.18

Total Load Count: 160

 

Cutter Cow Cutout:

203.87… -0.27

 

CME Feeder Cattle Index for January 2nd:

225.05… -3.15 / -1.38%

1 Year Change: +24.32%

52 Week Range: 177.03 to 254.09

 

Futures Settlements…

Live Cattle:

February: 171.85… -0.07

April: 174.75… +0.25

June: 171.97… +0.05

 

Feeder Cattle:

January: 226.07… +0.65

March: 227.02… +0.57

April: 232.55… +0.40

 

February Lean Hogs: 65.30… -0.02

February Crude Oil: 72.70… -2.32

 

March Corn: 4.6525… +0.0150

March Wheat: 6.0025… -0.0650

 

Grain Cash Bids:

Omaha Corn: 4.59… Unchanged

Kansas City Wheat: 5.74… -0.06

 

Financial Markets:

DJIA: 37,430.45… -285.19

S & P 500: 4,704.79… -38.13

NASDAQ: 14,592.21… -173.73

U.S. Dollar Index: 102.48… +0.28