Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been slow light demand. Compared to last week live FOB purchases traded 1.50 higher at 175.00. In Kansas negotiated cash has been slow on light to moderate demand. Compared to Wednesday live FOB purchases traded 1.00 higher at 175.00. In Nebraska negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded 2.00-4.00 higher from 175.00-177.00. Compared to last week dressed delivered purchases traded 3.00-4.00 higher at 277.00. in the Western Cornbelt negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded unevenly steady from 174.00-176.00. Last week dressed delivered purchases traded from 273.00-274.00.

Negotiated Sales:

Confirmed:     37,894

Week Ago:            367

Year Ago:           3,271

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,500

Weighted avg. weight:         888.00

Weighted avg. net price:     278.57

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Cattle Slaughter under Federal Inspection

Thursday            126,000

Week Ago           121,000

Year Ago             124,000

Week to Date     492,000

Last Week           462,000

Last Year             499,000 

Wednesday

Steers & Heifers: 99,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 298.68… -0.82

Select:  287.85… +0.61

Choice/Select Spread: 10.83

Total Load Count: 146

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Cutter Cow Cutout:

215.54… -10.70

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CME Feeder Cattle Index for January 24th:

230.68… +0.47 / +0.20%

1 Year Change: +29.76%

52 Week Range: 177.77 to 254.09

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Futures Settlements…

Live Cattle:

February: 177.72… +2.37

April: 180.70… +2.35

June: 177.60… +2.15

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Feeder Cattle:

January: 232.02… +0.20

March: 238.17… +4.40

April: 243.92… +4.12

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April Lean Hogs: 82.55… +0.53

March Crude Oil: 77.36… +2.27

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March Corn: 4.5175… -0.0050

March Wheat: 6.1225… +0.0150

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Grain Cash Bids:

Omaha Corn: 4.66… +0.06

Kansas City Wheat: 5.78… +0.04

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Financial Markets:

DJIA: 38,049.79… +242.94

S & P 500: 4,894.23… +25.64

NASDAQ: 15,510.50… +28.58

U.S. Dollar Index: 103.54… +0.30