Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been at standstill. In the Western Cornbelt negotiated cash has been mostly inactive on light demand. 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:             280

Week Ago:              218

Year Ago:                236

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,200

Weighted avg. weight:         875.00

Weighted avg. net price:     289.10

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Cattle Slaughter under Federal Inspection

Tuesday              125,000

Week Ago           125,000

Year Ago             126,094

Week to Date     247,000

Last Week          229,000

Last Year            249,930

Monday

Steers & Heifers:  95,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 301.74… -0.05

Select:  290.40… +2.41

Choice/Select Spread: 11.34

Total Load Count: 100

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Cutter Cow Cutout:

242.46… +2.95

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CME Feeder Cattle Index for February 26th:

246.46… -0.18/ -0.07%

1 Year Change: +34.96%

52 Week Range: 182.62 to 254.09

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Futures Settlements:

Live Cattle:

February: 185.60… -0.12

April: 187.72… -0.38

June: 183.57… -0.53

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Feeder Cattle:

March: 253.00… -0.05

April: 258.95… +0.05

May: 261.32… -0.25

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April Lean Hogs: 85.90… -0.37

April Crude Oil: 78.87… +1.29

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April Corn: 4.2350… +0.0200

April Wheat: 5.8425… +0.0950

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Grain Cash Bids:

Omaha Corn: 4.20… +0.16

Kansas City Wheat: 5.21… 0.09

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Financial Markets:

DJIA: 38,970.12… -99.18

S & P 500: 5,078.41… +8.89

NASDAQ: 16,035.30… +59.05

U.S. Dollar Index: 103.80… +0.03