Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trade has been at a standstill. In the Western Cornbelt and Nebraska negotiated cash trade was slow on light demand, however not enough purchases for a market trend. 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:   9,503

Week Ago:    6,545

Year Ago:     5,599

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,700

Weighted avg. weight:         860.00

Weighted avg. net price:     276.58

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Cattle Slaughter under Federal Inspection

Friday                 121,000

Week Ago           105,000

Year Ago             124,000

Week to Date     583,000

Last Week           529,000

Last Year             618,495

Thursday

Steers & Heifers:   95,000

Cows & Bulls:         26,000

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Boxed Beef:

Cutout Values:

Choice: 295.50… -0.79

Select:  283.05… -0.71

Choice/Select Spread: 12.45

Total Load Count: 111

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Cutter Cow Cutout:

216.41… +3.16

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CME Feeder Cattle Index for January 18th:

227.26… -0.03 / -0.01%

1 Year Change: +27.77%

52 Week Range: 177.03 to 254.09

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Futures Settlements…

Live Cattle:

February: 174.37… -0.45

April: 177.37… -0.28

June: 174.32… -0.20

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Feeder Cattle:

January: 230.10… -0.82

March: 231.95… -0.60

April: 237.47… -0.28

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April Lean Hogs: 78.15… -0.30

February Crude Oil: 73.41… -0.67

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March Corn: 4.4550… +0.0150

March Wheat: 5.9325… +0.0775

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Grain Cash Bids:

Omaha Corn: 4.54… +0.04

Kansas City Wheat: 5.59… +0.03

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Financial Markets:

DJIA: 37,863.86… +395.44

S & P 500: 4,839.82… +58.90

NASDAQ: 15,310.97… +255.32

U.S. Dollar Index: 103.27… -0.27