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Feb
02
2024

Texas Daily Ag Market News Summary

Posted 170 days ago by Administrator Account

Daily Market Summary for February 2nd

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 Friday in the Texas Panhandle, negotiated cash trade was at a standstill. The most recent market was Thursday with live FOB purchases at 178.00. In Kansas negotiated cash trade was mostly inactive on light demand. The most recent market was Thursday with live FOB purchases from 178.00-179.00. In Nebraska negotiated cash trade was slow on light demand. The most recent market was Thursday with live FOB purchases traded from 176.00-177.00, with dressed delivered purchases at 280.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent market was Thursday with live FOB purchases from 177.00-179.00, with dressed delivered purchases at 280.00.

Negotiated Sales:

Confirmed:     5,702

Week Ago:      4,253

Year Ago:       12,501

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,200

Weighted avg. weight:         837.00

Weighted avg. net price:     279.95

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Cattle Slaughter under Federal Inspection

Friday                 124,000

Week Ago           121,000

Year Ago             121,000

Week to Date     629,000

Last Week          613,000

Last Year            617,000 

Thursday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 293.08… -1.86

Select:  283.47… +0.22

Choice/Select Spread: 9.61

Total Load Count: 147

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Cutter Cow Cutout:

229.76… +0.59

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CME Feeder Cattle Index for February 1st:

239.17… +1.22 / +0.51%

1 Year Change: +32.21%

52 Week Range: 180.90 to 254.09

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Futures Settlements…

Live Cattle:

February: 180.55… +0.80

April: 183.75… +0.58

June: 181.77… +0.65

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Feeder Cattle:

March: 244.80… -0.07

April: 250.20… -0.32

May: 255.27… -0.43

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April Lean Hogs: 83.82… +0.07

March Crude Oil: 72.28… -1.54

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March Corn: 4.4275… -0.0450

March Wheat: 5.9975… -0.0175

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Grain Cash Bids:

Omaha Corn: 4.45… -0.02

Kansas City Wheat: 5.62… +0.03

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Financial Markets:

DJIA: 38,653.83… +133.59

S & P 500: 4,958.57… +52.32

NASDAQ: 15,628.95… +267.31

U.S. Dollar Index: 103.90… +0.85






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