Texas Daily Ag Market News Summary

Daily Market Summary for January 5th

Fed Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash has been slow on light demand. Last week in the Texas Panhandle live FOB purchases traded at 172.00. Last week in Kansas live FOB purchases traded at 172.00-173.00. In Nebraska negotiated cash has been slow on light to moderate demand. Compared to Thursday live FOB purchases mostly steady at 173.00. The most recent dressed delivered market was Thursday from 274.00-275.00. In the Western Cornbelt negotiated cash has been slow on light demand. The most recent live FOB purchase market was on Thursday at 175.00 and dressed purchases from 274.00-275.00.

Negotiated Sales:

Confirmed:      9,959

Week Ago:       9,909

Year Ago:        25,513

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,600

Weighted avg. weight:         866.00

Weighted avg. net price:     277.39

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Cattle Slaughter under Federal Inspection

Friday                 124,000

Week Ago           125,000

Year Ago             126,000

Week to Date     504,000

Last Week           475,000

Last Year             512,000 

Thursday

Steers & Heifers:   99,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 277.16… +1.26

Select:  259.53… +0.71

Choice/Select Spread: 17.63

Total Load Count: 111

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Cutter Cow Cutout:

205.24… +1.78

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CME Feeder Cattle Index for January 4th:

228.09… -0.56 / -%0.24

1 Year Change: +26.50%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 170.57… -0.55

April: 173.40… -0.90

June: 170.55… -1.00

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Feeder Cattle:

January: 223.12… -1.55

March: 224.15… -1.50

April: 229.77… -1.50

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February Lean Hogs: 70.00… +0.95

February Crude Oil: 73.81… +1.62

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March Corn: 4.6075… -0.0575

March Wheat: 6.1600… +0.0250

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Grain Cash Bids:

Omaha Corn: 4.60… -0.02

Kansas City Wheat: 5.80… +0.03

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Financial Markets:

DJIA: 37,464.56… +23.89

S & P 500: 4,697.00… +8.24

NASDAQ: 14,524.07… +13.77

U.S. Dollar Index: 102.46… +0.04