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Feb
16
2024

Texas Daily Ag Market News Summary

Posted 60 days ago by Administrator Account

Daily Market Summary for February 16th

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 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 has been mostly inactive on light demand. The most recent live FOB purchases were Thursday at 180.00, with dressed delivered purchases mostly at 287.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent live FOB purchases were Thursday from 180.00-182.00, with dressed delivered purchases traded at 285.00.

Negotiated Sales:

Confirmed:        4,622

Week Ago:       11,169

Year Ago:         15,133

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         852.00

Weighted avg. net price:     290.84

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Cattle Slaughter under Federal Inspection

Friday                 120,000

Week Ago           117,000

Year Ago             121,600

Week to Date     606,000

Last Week          618,000

Last Year            617,800

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 296.20… +0.90

Select:  286.66… -1.33

Choice/Select Spread: 9.54

Total Load Count: 108

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Cutter Cow Cutout:

236.36… +1.46

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CME Feeder Cattle Index for February 15th:

244.58… -0.35 / -0.14%

1 Year Change: +33.61%

52 Week Range: 182.21 to 254.09

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Futures Settlements…

Live Cattle:

February: 184.77… +1.37

April: 187.55… +1.95

June: 182.82… +0.95

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Feeder Cattle:

March: 251.02… +3.92

April: 253.55… +3.33

May: 255.62… +2.72

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April Lean Hogs: 85.22… +0.22

March Crude Oil: 79.19… +1.16

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March Corn: 4.1625… -0.0150

March Wheat: 5.6050… -0.0650

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Grain Cash Bids:

Omaha Corn: 4.31… -0.02

Kansas City Wheat: 5.00… -0.09

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Financial Markets:

DJIA: 38,627.40… -146.12

S & P 500: 5,005.55… -24.22

NASDAQ: 15,775.65… -130.52

U.S. Dollar Index: 104.30… +0.01






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