Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 3.00 higher at 183.00. In Kansas negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 2.00-3.00 higher from 182.00-183.00. In Nebraska negotiated cash trade and demand has been light to moderate. Compared to last week live FOB purchases traded 2.00 higher at 183.00. Compared to last week dressed delivered purchases traded 5.00 higher at 292.00. In the Western Cornbelt negotiated cash trade and demand has been light to moderate. Compared to last week live FOB purchases traded 4.00 higher at 184.00. Last week dressed delivered purchases at 285.00.

Negotiated Sales:

Confirmed:       37,869

Week Ago:          4,622

Year Ago:          42,142

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,100

Weighted avg. weight:         870.00

Weighted avg. net price:     288.99

-

Cattle Slaughter under Federal Inspection

Friday                  119,000

Week Ago           120,000

Year Ago             120,900

Week to Date     591,000

Last Week          606,000

Last Year            594,400

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        27,000

-

Boxed Beef:

Cutout Values:

Choice: 300.61… +0.82

Select:  286.31… +0.50

Choice/Select Spread: 14.30

Total Load Count: 146

-

Cutter Cow Cutout:

242.04… +3.58

-

CME Feeder Cattle Index for February 22nd:

245.00… +0.51 / +0.21%

1 Year Change: +34.20%

52 Week Range: 182.24 to 254.09

-

Futures Settlements:

Live Cattle:

February: 185.60… +2.10

April: 187.90… +1.35

June: 183.87… +1.17

-

Feeder Cattle:

March: 254.57… +2.52

April: 259.97… +3.27

May: 262.07… +2.75

-

April Lean Hogs: 87.20… Unchanged

April Crude Oil: 76.49… -2.12

-

March Corn: 3.9975… -0.0625

March Wheat: 5.7350… -0.0975

-

Grain Cash Bids:

Omaha Corn: 4.12… -0.05

Kansas City Wheat: 5.03… -0.08

-

Financial Markets:

DJIA: 39,131.86… +62.75

S & P 500: 5,088.86… +1.83

NASDAQ: 15,996.82… -44.80

U.S. Dollar Index: 103.95