Texas Daily Ag Market News Summary

Daily Market Summary for January 8th

Fed Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 172.00-173.00. Last week in Nebraska live FOB purchases traded from 173.00-175.00 and dressed delivered purchases at 274.00-275.50. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 274.00-275.00.

Negotiated Sales:

Confirmed:         188

Week Ago:        None

Year Ago:           205

Formula Net - Dressed Steers & Heifers:

Head count priced today:   44,300

Weighted avg. weight:         892.00

Weighted avg. net price:     276.53

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Cattle Slaughter under Federal Inspection

Monday              115,000

Week Ago                None

Year Ago             127,000

Friday

Steers & Heifers:   97,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 278.83… +1.67

Select:  259.36… -0.17

Choice/Select Spread: 19.47

Total Load Count: 131

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Cutter Cow Cutout:

206.05… +0.81

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CME Feeder Cattle Index for January 5th:

229.02… +0.93 / +0.41%

1 Year Change: +26.97%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 169.95… -0.62

April: 173.02… -0.38

June: 170.35… -0.20

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Feeder Cattle:

January: 223.87… +0.75

March: 225.07… +0.92

April: 230.10… +0.33

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February Lean Hogs: 70.60… +0.60

February Crude Oil: 70.77… -3.04

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March Corn: 4.5500… -0.0575

March Wheat: 5.9625… -0.1975

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Grain Cash Bids:

Omaha Corn: 4.64… -0.06

Kansas City Wheat: 5.68… -0.12

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Financial Markets:

DJIA: 37,682.55… 217.99

S & P 500: 4,763.51… +66.51

NASDAQ: 14,843.77… +319.70

U.S. Dollar Index: 102.27… -0.14