Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 175.00. Last week in Kansas live FOB purchases traded from 174.00-175.00, mostly at 175.00. Last week in Nebraska live FOB purchases traded from 175.00-177.00 and dressed delivered at 277.00. Last week in the Western Cornbelt live FOB purchases traded from 174.00-177.00 and dressed delivered purchases traded at 277.00.

Negotiated Sales:

Confirmed:       None

Week Ago:            74

Year Ago:             116

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,000

Weighted avg. weight:        862.00

Weighted avg. net price:     278.61

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago           120,000

Year Ago             125,000

Week to Date     125,000

Last Week           115,000

Last Year             120,000 

Friday

Steers & Heifers: 96,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 299.42… -1.11

Select:  288.82… -0.31

Choice/Select Spread: 10.60

Total Load Count: 68

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Cutter Cow Cutout:

227.61… -0.87

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CME Feeder Cattle Index for January 26th:

234.15… +2.09 / +0.90%

1 Year Change: +30.17%

52 Week Range: 180.37 to 254.09

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Futures Settlements…

Live Cattle:

February: 177.37… -1.08

April: 181.22… -0.45

June: 178.47… -0.38

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Feeder Cattle:

March: 238.62… -1.08

April: 244.60… -1.00

May: 250.05… -1.12

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April Lean Hogs: 83.42… +0.17

March Crude Oil: 76.78… -1.23

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March Corn: 4.4025… -0.0600

March Wheat: 5.9350… -0.0675

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Grain Cash Bids:

Omaha Corn: 4.60… -0.04

Kansas City Wheat: 5.61… -0.07

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Financial Markets:

DJIA: 38,333.45… +223.95

S & P 500: 4,927.93… +36.95

NASDAQ: 15,628.04… +172.68

U.S. Dollar Index: 103.47… +0.04