Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains and Nebraska regions, cash trade was at a standstill. In the Western Cornbelt cash trade has been mostly inactive on light demand. 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:        91

Week Ago:    3,386

Year Ago:       1,123

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,200

Weighted avg. weight:        878.00

Weighted avg. net price:     278.41

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Cattle Slaughter under Federal Inspection

Wednesday       118,000

Week Ago           116,000

Year Ago             121,712

Week to Date     341,000

Last Week           304,000

Last Year             375,131 

Tuesday

Steers & Heifers:   87,000

Cows & Bulls:         24,000

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Boxed Beef:

Cutout Values:

Choice: 298.45… +3.46

Select:  283.02… +3.04

Choice/Select Spread: 15.43

Total Load Count: 102

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Cutter Cow Cutout:

213.02… -2.98

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CME Feeder Cattle Index for January 16th:

225.87… -0.56 / -0.25%

1 Year Change: +24.76%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 173.10… -0.02

April: 175.62… +0.45

June: 172.80… +0.63

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Feeder Cattle:

January: 228.42… +0.87

March: 229.77… +0.95

April: 235.20… +0.93

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April Lean Hogs: 77.97… +0.40

February Crude Oil: 72.56… +0.16

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March Corn: 4.4225… -0.0125

March Wheat: 5.8250… +0.0050

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Grain Cash Bids:

Omaha Corn: 4.52… -0.01

Kansas City Wheat: 5.56… +0.02

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Financial Markets:

DJIA: 37,266.80… -94.19

S & P 500: 4,739.25… -26.68

NASDAQ: 14,855.62… -88.73

U.S. Dollar Index: 103.39… -0.03