Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in all trading regions, cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 172.00. In Nebraska live FOB purchases traded at 173.00 and dressed delivered purchases from 272.00-275.00. In the Western Cornbelt live FOB purchases traded at 175.00 and dressed delivered purchases at 275.00.

Negotiated Sales:

Confirmed:     415

Week Ago:     None

Year Ago:         532

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,000

Weighted avg. weight:        892.00

Weighted avg. net price:     278.77

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Cattle Slaughter under Federal Inspection

Tuesday              114,000

Week Ago             94,000

Year Ago             126,949

Week to Date     226,000

Last Week           198,000

Last Year             253,419 

Monday

Steers & Heifers:   89,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 294.99… +3.57

Select:  279.98… +7.42

Choice/Select Spread: 15.01

Total Load Count: 112

 

Cutter Cow Cutout:

216.00… +7.97

 

CME Feeder Cattle Index for January 15th:

226.43… -1.57 / -0.69%

1 Year Change: +24.39%

52 Week Range: 177.03 to 254.09

 

Futures Settlements…

Live Cattle:

February: 173.12… +1.75

April: 175.17… +1.00

June: 172.17… +0.55

 

Feeder Cattle:

January: 227.55… +0.98

March: 225.82… +1.12

April: 234.27… +1.27

 

February Lean Hogs: 70.77… -1.13

February Crude Oil: 72.40… -0.28

 

March Corn: 4.4350… -0.0350

March Wheat: 5.8200… -0.1400

 

Grain Cash Bids:

Omaha Corn: 4.63… -0.03

Kansas City Wheat: 5.54… -0.14

 

Financial Markets:

DJIA: 37,360.99… -232.06

S & P 500: 4,765.93… -17.92

NASDAQ: 14,944.35… -28.41

U.S. Dollar Index: 103.38… +0.98