Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trade has been at a standstill. In Nebraska and the Western Cornbelt negotiated cash has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 180.00. Last week in Nebraska live FOB purchases traded at 181.00, with dressed delivered purchases at 287.00. Last week in the Western Cornbelt live FOB purchases traded at 180.00, with dressed delivered purchases at 285.00.

Negotiated Sales:

Confirmed:            835

Week Ago:        16,809

Year Ago:            3,683

Formula Net - Dressed Steers & Heifers:

Head count priced today:   232,700

Weighted avg. weight:         877.00

Weighted avg. net price:     292.65

-

Cattle Slaughter under Federal Inspection

Thursday            123,000

Week Ago           123,000

Year Ago             120,200

Week to Date     472,000

Last Week          486,000

Last Year            473,400

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

-

Boxed Beef:

Cutout Values:

Choice: 299.79… +1.99

Select:  285.81… +1.35

Choice/Select Spread: 13.98

Total Load Count: 143

-

Cutter Cow Cutout:

238.46… -0.34

-

CME Feeder Cattle Index for February 21st:

244.69… +1.83 / +0.75%

1 Year Change: +32.89%

52 Week Range: 182.24 to 254.09

-

Futures Settlements:

Live Cattle:

February: 183.50… -0.47

April: 186.55… -1.15

June: 182.70… -0.60

-

Feeder Cattle:

March: 252.05… +0.70

April: 256.50… +0.78

May: 259.32… +0.20

-

April Lean Hogs: 87.20… +1.23

April Crude Oil: 78.61… +0.70

-

March Corn: 4.0600… -0.0500

March Wheat: 5.8325… Unchanged

-

Grain Cash Bids:

Omaha Corn: 4.17… -0.05

Kansas City Wheat: 5.11… -0.02

-

Financial Markets:

DJIA: 39,069.11… +457.76

S & P 500: 5,087.03… +105.19

NASDAQ: 16,041.62… +460.75

U.S. Dollar Index: 103.95… -0.05