Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash has been at standstill. Last week in the Texas Panhandle live FOB purchases traded at 183.00. Last week in Kansas live FOB purchases traded from 182.00-183.00. Last week in Nebraska live FOB purchases traded at 183.00 with dressed delivered purchases traded at 292.00. Last week in the Western Cornbelt live FOB purchases traded from 182.00-184.00 with dressed delivered purchases traded from 290.00-292.00.

Negotiated Sales:

Confirmed:              82

Week Ago:               36

Year Ago:               186

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,800

Weighted avg. weight:         866.00

Weighted avg. net price:     288.14

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Cattle Slaughter under Federal Inspection

Monday              122,000

Week Ago           104,000

Year Ago             123,836

Week to Date     122,000

Last Week          104,000

Last Year            122,836

Friday

Steers & Heifers:  94,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 301.79… +1.18

Select:  287.99… +1.68

Choice/Select Spread: 13.80

Total Load Count: 82

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Cutter Cow Cutout:

239.51… -2.53

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CME Feeder Cattle Index for February 23rd:

246.64… +1.64 / +0.67%

1 Year Change: +35.34%

52 Week Range: 182.62 to 254.09

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Futures Settlements:

Live Cattle:

February: 185.72… +0.12

April: 188.10… +0.20

June: 184.10… +0.23

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Feeder Cattle:

March: 253.05… -1.52

April: 258.90… -1.07

May: 261.57… -0.50

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April Lean Hogs: 86.27… -0.93

April Crude Oil: 77.58… +1.09

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March Corn: 4.0700… +0.0725

March Wheat: 5.7725… +0.0375

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Grain Cash Bids:

Omaha Corn: 4.04… -0.08

Kansas City Wheat: 5.12… +0.09

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Financial Markets:

DJIA: 39,069.30… -62.56

S & P 500: 5,069.52… -19.34

NASDAQ: 15,976.25… -20.57

U.S. Dollar Index: 103.77… -0.17