Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 173.50. Last week in Kansas live FOB purchases traded at 173.00. Last week In Nebraska live FOB purchases traded steady at 173.00 and dressed delivered purchases traded from 273.00-274.00. Last week in the Western Cornbelt live FOB purchases traded at 175.00 and dressed delivered purchases traded from 273.00-274.00.

Negotiated Sales:

Confirmed:       67

Week Ago:      415

Year Ago:        106

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,000

Weighted avg. weight:        872.00

Weighted avg. net price:     277.79

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Cattle Slaughter under Federal Inspection

Tuesday              125,000

Week Ago           111,000

Year Ago             126,000

Week to Date     240,000

Last Week           223,000

Last Year             247,000 

Monday

Steers & Heifers: 91,000

Cows & Bulls:       24,000

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Boxed Beef:

Cutout Values:

Choice: 301.66… +2.99

Select:  288.38… +1.80

Choice/Select Spread: 13.28

Total Load Count: 100

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Cutter Cow Cutout:

222.56... +6.36

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CME Feeder Cattle Index for January 22nd:

228.47… -0.04 / -0.02%

1 Year Change: +28.58%

52 Week Range: 177.53 to 254.09

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Futures Settlements…

Live Cattle:

February: 174.65… +0.88

April: 177.82… +0.92

June: 174.95… +0.68

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Feeder Cattle:

January: 231.00… +1.18

March: 233.65… +2.38

April: 239.55… +2.45

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April Lean Hogs: 80.32… +2.70

March Crude Oil: 74.37… -0.39

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March Corn: 4.4650… +0.0075

March Wheat: 5.9650… Unchanged

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Grain Cash Bids:

Omaha Corn: 4.57… +0.01

Kansas City Wheat: 5.65… +0.05

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Financial Markets:

DJIA: 37,906.11… -96.09

S & P 500: 4,864.60… +14.14

NASDAQ: 15,425.94… +65.65

U.S. Dollar Index: 103.60… +0.27