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Feb
13
2024

Texas Daily Ag Market News Summary

Posted 131 days ago by Administrator Account

Daily Market Summary for February 13th

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 Tuesday in the Southern Plains and Nebraska, negotiated cash trade was at a standstill. In the Western Cornbelt negotiated cash was 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: 624

Week Ago: None

 

Year Ago: 3,941

Formula Net - Dressed Steers & Heifers:

Head count priced today: 30,100

Weighted avg. weight: 855.00

Weighted avg. net price: 286.57

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Cattle Slaughter under Federal Inspection

Tuesday 125,000

Week Ago 125,000

Year Ago 123,300

Week to Date 240,000

Last Week 250,000

Last Year 128,800

Monday

Steers & Heifers: 88,000

Cows & Bulls: 27,000

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Boxed Beef:

Cutout Values:

Choice: 292.27… -1.81

Select: 285.30… -1.72

Choice/Select Spread: 6.97

Total Load Count: 108

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Cutter Cow Cutout:

231.72… +0.66

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CME Feeder Cattle Index for February 12th:

246.87… +0.81 / +0.33%

1 Year Change: +34.66%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 183.75… -0.50

April: 185.10… -0.82

June: 182.55… -0.97

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Feeder Cattle:

March: 248.00… -0.82

April: 251.75… -1.42

May: 255.45… -1.40

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April Lean Hogs: 81.07… -0.05

March Crude Oil: 77.87… +0.95

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March Corn: 4.30754… +0.0025

March Wheat: 5.9750… Unchanged

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Grain Cash Bids:

Omaha Corn: 4.45… +0.01

Kansas City Wheat: 5.31… -0.03

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Financial Markets:

DJIA: 38,272.85… -525.61

S & P 500: 4,953.18… -68.76

NASDAQ: 15,655.60… -286.95

U.S. Dollar Index: 104.88… +0.71






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