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Feb
12
2024

Texas Daily Ag Market News Summary

Posted 126 days ago by Administrator Account

Daily Market Summary for February 12th

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 Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 182.00. Last week in Nebraska live FOB purchases from 180.00-182.50, with dressed delivered purchases from 285.00-289.00. Last week in the Western Cornbelt live FOB purchases traded from 180.00-182.00, with dressed delivered purchases at 285.00. Negotiated Sales: Confirmed: 912 Week Ago: 55 Year Ago: 417 Formula Net - Dressed Steers & Heifers: Head count priced today: 31,300 Weighted avg. weight: 860.00 Weighted avg. net price: 285.00 - Cattle Slaughter under Federal Inspection Monday 115,000 Week Ago 125,000 Year Ago 123,500 Week to Date 115,000 Last Week 125,000 Last Year 123,500 Friday Steers & Heifers: 90,000 Cows & Bulls: 27,000 - Boxed Beef: Cutout Values: Choice: 294.08… +0.04 Select: 287.02… +1.94 Choice/Select Spread: 7.06 Total Load Count: 89 - Cutter Cow Cutout: 231.06… -2.83 - CME Feeder Cattle Index for February 9th: 246.06… +3.11 / +1.28% 1 Year Change: +34.22% 52 Week Range: 182.21 to 254.09 - Futures Settlements… Live Cattle: February: 184.25… -0.37 April: 185.92… -0.80 June: 183.52… -0.45 - Feeder Cattle: March: 248.82… +1.67 April: 253.17… +1.40 May: 256.85… +1.18 - April Lean Hogs: 81.12… -0.10 March Crude Oil: 76.92... +0.08 - March Corn: 4.3050… +0.0150 March Wheat: 5.9750… +0.0075 - Grain Cash Bids: Omaha Corn: 4.46… +0.01 Kansas City Wheat: 5.34… -0.07 - Financial Markets: DJIA: 38,798.46… +127.16 S & P 500: 5,021.94… -4.58 NASDAQ: 15,942.55… -48.11 U.S. Dollar Index: 104.12… +0.01




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