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Feb
15
2024

Texas Daily Ag Market News Summary

Posted 64 days ago by Administrator Account

Daily Market Summary for February 15th

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 trade has been mostly inactive on light demand. In the Southern Plains the most recent live FOB purchases was Wednesday at 180.00. In Nebraska negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded steady to 2.50 lower at 180.00. Compared to last week dressed delivered purchases traded unevenly steady mostly at 287.00. In the Western Cornbelt negotiated cash trade and demand was moderate. Compared to Wednesday live FOB purchases traded steady from 180.00-181.00. Compared to last week dressed delivered purchases traded steady at 285.00, on a light test.

Negotiated Sales:

Confirmed:      16,809

Week Ago:         1,266

Year Ago:         10,135

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,900

Weighted avg. weight:         869.00

Weighted avg. net price:     290.97

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Cattle Slaughter under Federal Inspection

Thursday           123,000

Week Ago           125,000

Year Ago             123,700

Week to Date     486,000

Last Week          501,000

Last Year            496,100

Monday

Steers & Heifers:  97,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 295.30… +1.30

Select:  287.99… +3.97

Choice/Select Spread: 7.31

Total Load Count: 134

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Cutter Cow Cutout:

234.90… +0.75

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CME Feeder Cattle Index for February 14th:

244.93… -1.73 / -0.70%

1 Year Change: +33.79%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 183.40… +1.00

April: 185.60… +1.60

June: 181.87… +0.75

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Feeder Cattle:

March: 247.10… +0.88

April: 250.22… +0.62

May: 252.90… -0.05

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April Lean Hogs: 85.00… +0.48

March Crude Oil: 78.03… +1.39

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March Corn: 4.1775… -0.0650

March Wheat: 5.6700… -0.1850

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Grain Cash Bids:

Omaha Corn: 4.33… -0.05

Kansas City Wheat: 5.09… -0.14

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Financial Markets:

DJIA: 38,773.52… +354.91

S & P 500: 5,029.77… +29.64

NASDAQ: 15,906.17… +47.02

U.S. Dollar Index: 104.29… -0.43






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