Texas Daily Ag Market News Summary

Daily Market Summary for January 9th

Fed Cattle:

As of 3:00 PM Tuesday in all regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 172.00-173.00. For the prior 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 for the previous week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 274.00-275.00.

Negotiated Sales:

Confirmed:        None

Week Ago:        2,372

Year Ago:            140

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,000

Weighted avg. weight:         882.00

Weighted avg. net price:     275.98 

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Cattle Slaughter under Federal Inspection

Tuesday               94,000

Week Ago           126,000

Year Ago             128,000

Week to Date     198,000

Last Week          126,000

Last Year            255,000 

Monday

Steers & Heifers:  79,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 280.16… +1.33

Select:  262.83… +3.47

Choice/Select Spread: 17.33

Total Load Count: 101

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Cutter Cow Cutout:

204.15… -1.90

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CME Feeder Cattle Index for January 8th:

227.69… -1.33 / -0.58%

1 Year Change: +26.23%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 170.77… +0.82

April: 173.60… +0.58

June: 170.75… +0.40

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Feeder Cattle:

January: 223.77… -0.10

March: 224.87… -0.20

April: 230.35… +0.25

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February Lean Hogs: 71.87… +1.27

February Crude Oil: 72.24… +1.47

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March Corn: 4.5925… +0.0425

March Wheat: 6.1000… -0.1375

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Grain Cash Bids:

Omaha Corn: 4.69… +0.05

Kansas City Wheat: 5.79… +0.11

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Financial Markets:

DJIA: 37,525.10… -157.45

S & P 500: 4,756.45… -7.06

NASDAQ: 14,857.71… +13.94

U.S. Dollar Index: 102.56… +0.35