Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday 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. 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 negotiated cash traded has been slow on light demand. A few live FOB and dressed delivered purchases have traded at 175.00 and 275.00, respectively. However, not enough for a full market trend. For the previous week live FOB purchases traded at 175.00 and dressed delivered purchases traded from 274.00-275.00.

Negotiated Sales:

Confirmed:       3,386

Week Ago:        7,308

Year Ago:           2,965

Formula Net - Dressed Steers & Heifers:

Head count priced today:    22,100

Weighted avg. weight:         878.00

Weighted avg. net price:     280.38

-

Cattle Slaughter under Federal Inspection

Wednesday       113,000

Week Ago           128,000

Year Ago             125,000

Week to Date     301,000

Last Week           254,000

Last Year            380,000 

Tuesday

Steers & Heifers:   58,000

Cows & Bulls:         26,000

-

Boxed Beef:

Cutout Values:

Choice: 283.07… +2.91

Select:  266.12… +1.25

Choice/Select Spread: 16.13

Total Load Count: 137

-

Cutter Cow Cutout:

211.88… +7.73

-

CME Feeder Cattle Index for January 9th:

228.41… +0.72 / +0.32%

1 Year Change: +26.19%

52 Week Range: 177.03 to 254.09

-

Futures Settlements…

Live Cattle:

February: 170.75… -0.02

April: 173.67… +0.07

June: 171.10… +0.35

-

Feeder Cattle:

January: 224.62… +0.85

March: 226.12… +1.25

April: 231.45… +1.10

-

February Lean Hogs: 72.07… +0.20

February Crude Oil: 71.37… -0.87

-

March Corn: 4.5950… +0.0025

March Wheat: 6.1075… +0.0075

-

Grain Cash Bids:

Omaha Corn: 4.70… +0.01

Kansas City Wheat: 5.78… -0.01

-

Financial Markets:

DJIA: 37,695.27… +170.17

S & P 500: 4,783.35… +26.90

NASDAQ: 14,969.65… +111.94

U.S. Dollar Index: 102.42… -0.15