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Feb
14
2024

Texas Daily Ag Market News Summary

Posted 65 days ago by Administrator Account

Daily Market Summary for February 14th

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 Wednesday in the Texas Panhandle, negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 2.00 lower at 180.00. In Kansas negotiated cash trade has been active on good demand. Compared to last week live FOB purchases traded 2.00 lower at 180.00. In Nebraska negotiated cash trade has been slow on light to moderate demand. However not enough trade for a market trend. Last week live FOB purchases from 180.00-182.50, with dressed delivered purchases from 285.00-289.00. In the Western Cornbelt negotiated cash trade has been slow on light to moderate demand. However not enough trade for a market trend. Last week live FOB purchases traded from 180.00-182.00, with dressed delivered purchases at 285.00.

Negotiated Sales:

Confirmed:      22,211

Week Ago:            331

Year Ago:             184

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,300

Weighted avg. weight:         858.00

Weighted avg. net price:     287.81

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Cattle Slaughter under Federal Inspection

Wednesday       123,000

Week Ago           126,000

Year Ago             123,500

Week to Date     363,000

Last Week          376,000

Last Year            372,400

Monday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 294.00… +1.73

Select:  284.02… -1.28

Choice/Select Spread: 9.98

Total Load Count: 99

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Cutter Cow Cutout:

234.15… +2.43

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CME Feeder Cattle Index for February 13th:

246.66… -0.21 / -0.09%

1 Year Change: +34.74%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 182.40… -1.35

April: 184.00… -1.10

June: 181.12… -1.43

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Feeder Cattle:

March: 246.22… -1.78

April: 249.60… -2.15

May: 252.95… -2.50

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April Lean Hogs: 84.52… +3.45

March Crude Oil: 76.64… -1.23

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March Corn: 4.2425… -0.0650

March Wheat: 5.8550… -0.1200

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Grain Cash Bids:

Omaha Corn: 4.38… -0.07

Kansas City Wheat: 5.23… -0.08

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Financial Markets:

DJIA: 38,418.61… +145.76

S & P 500: 5,000.13… +46.95

NASDAQ: 15,859.15… +203.55

U.S. Dollar Index: 104.73… -0.23






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