Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trade has been at a standstill. Last week live FOB purchases traded at 172.00-173.00. In Nebraska negotiated cash traded has been limited on light demand. Not enough purchases for a market trend. For the prior week 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 was slow on light demand. Thus far for the week live FOB purchases have traded steady at 175.00 and dressed delivered purchases have traded steady to 1.00 higher at 275.00, with a light test of both live and dressed noted.

Negotiated Sales:

Confirmed:       5,579

Week Ago:        3,668

Year Ago:         12,510

Formula Net - Dressed Steers & Heifers:

Head count priced today:    22,900

Weighted avg. weight:         881.00

Weighted avg. net price:     279.58

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Cattle Slaughter under Federal Inspection

Thursday           120,000

Week Ago           126,000

Year Ago             122,000

Week to Date     424,000

Last Week           380,000

Last Year             502,000 

Wednesday

Steers & Heifers:   89,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 285.89… +2.82

Select:  269.94… +3.00

Choice/Select Spread: 15.95

Total Load Count: 115

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Cutter Cow Cutout:

211.01… -0.87

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CME Feeder Cattle Index for January 10th:

227.75… -0.66 / -0.29%

1 Year Change: +24.92%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 171.80… +1.05

April: 174.57… +0.90

June: 171.97… +0.87

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Feeder Cattle:

January: 226.27… +1.65

March: 227.40… +1.28

April: 232.72… +1.27

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February Lean Hogs: 72.60… +0.53

February Crude Oil: 72.02… -0.65

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March Corn: 4.5775… -0.0175

March Wheat: 6.0375… -0.0700

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Grain Cash Bids:

Omaha Corn: 4.54… -0.02

Kansas City Wheat: 5.71… -0.07

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Financial Markets:

DJIA: 37,711.09… +15.82

S & P 500: 4,780.28… -3.07

NASDAQ: 14,970.18… +0.53

U.S. Dollar Index: 102.37… +0.01