Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, Nebraska and the Western Cornbelt, negotiated cash trade has been mostly inactive on light demand. In Kansas negotiated cash has been moderate on trade and demand. Compared to last week in Kansas live FOB purchases traded 1.00 higher at 174.00. Last week In the Texas Panhandle live FOB purchases traded at 173.50. 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:      6,493

Week Ago:            91

Year Ago:           275

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,700

Weighted avg. weight:         867.00

Weighted avg. net price:     279.92

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago          118,000

Year Ago            126,000

Week to Date    366,000

Last Week         341,000

Last Year           375,000 

Tuesday

Steers & Heifers: 99,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 299.50… -2.16

Select:  287.24… -1.14

Choice/Select Spread: 12.26

Total Load Count: 126

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Cutter Cow Cutout:

225.34… +2.78

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CME Feeder Cattle Index for January 23rd:230.21… +1.74 / +0.76%

1 Year Change: +29.67%

52 Week Range: 177.53 to 254.09

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Futures Settlements…

Live Cattle:

February: 175.35… +0.70

April: 178.35… +0.53

June: 175.45… +0.50

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Feeder Cattle:

January: 231.82… +0.82

March: 233.77… +0.12

April: 239.80… +0.25

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April Lean Hogs: 82.02… +1.70

March Crude Oil: 75.09… +0.72

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March Corn: 4.5225… +0.0575

March Wheat: 6.1075… +0.1425

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Grain Cash Bids:

Omaha Corn: 4.60… +0.03

Kansas City Wheat: 5.74… +0.09

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Financial Markets:

DJIA: 37,806.85… -99.26

S & P 500: 4,868.59… +3.99

NASDAQ: 15,481.92… +55.98

U.S. Dollar Index: 103.29… -0.33

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Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.