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Feb
01
2024

Texas Daily Ag Market News Summary

Posted 170 days ago by Administrator Account

Daily Market Summary for February 1st

The Daily Market News Report is brought to you by The Cattle Range.
Please visit their website for more information!


Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash has been moderate on trade and demand. Compared to last week in the Texas Panhandle live FOB purchases traded 3.00 higher at 178.00. Compared to last week in Kansas live FOB purchases traded mostly 3.00 higher at 178.00. In Nebraska negotiated cash has been moderate on trade and demand. There have been a few live FOB purchases at 176.00, however not enough purchases for a market trend. Last week live FOB purchases traded from 175.00-177.00. Compared to last week dressed delivered purchases traded 3.00 higher at 280.00. In the Western Cornbelt negotiated cash trade has been light on moderate demand. Last week live FOB purchases traded from 174.00-177.00. Compared to last week dressed delivered purchases traded 3.00 higher at 280.00.

Negotiated Sales:

Confirmed:     24,204

Week Ago:      37,894

Year Ago:          2,610

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,100

Weighted avg. weight:         860.00

Weighted avg. net price:     279.29

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Cattle Slaughter under Federal Inspection

Thursday            126,000

Week Ago           126,000

Year Ago             124,000

Week to Date     505,000

Last Week          492,000

Last Year            496,000 

Wednesday

Steers & Heifers: 100,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 294.94… +0.40

Select:  283.25… -0.92

Choice/Select Spread: 11.69

Total Load Count: 128

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Cutter Cow Cutout:

229.17… -0.41

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CME Feeder Cattle Index for January 31st:

237.95… +1.63 / +0.69%

1 Year Change: +31.92%

52 Week Range: 180.37 to 254.09

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Futures Settlements…

Live Cattle:

February: 179.75… +2.40

April: 183.17… +2.47

June: 181.12… +2.25

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Feeder Cattle:

March: 244.87… +4.72

April: 250.52… +4.37

May: 255.70… +3.90

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April Lean Hogs: 83.75… -1.07

March Crude Oil: 73.82… -2.03

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March Corn: 4.4725… -0.0100

March Wheat: 6.0150… +0.0625

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Grain Cash Bids:

Omaha Corn: 4.47… -0.02

Kansas City Wheat: 5.59… -0.02

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Financial Markets:

DJIA: 38,520.24… +371.06

S & P 500: 4,906.25… +60.78

NASDAQ: 15,361.64… +197.63

U.S. Dollar Index: 103.07… -0.20






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