Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trade has been mostly inactive on light demand. The most recent market in the Southern Plains was Wednesday with live FOB purchases traded at 183.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent market was Wednesday with live FOB purchases from 183.00-184.50 with dressed delivered purchases at 290.00. The most recent market in the Western Cornbelt was Wednesday with live FOB purchases traded from 183.00 -184.00, with dressed delivered purchases at 290.00.

Negotiated Sales:

Confirmed:           4,786

Week Ago:          37,869

Year Ago:            30,799

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,000

Weighted avg. weight:         858.00

Weighted avg. net price:     292.98

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Cattle Slaughter under Federal Inspection

Friday                 100,000

Week Ago           119,000

Year Ago             116,228

Week to Date     595,000

Last Week          591,000

Last Year            615,694

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 305.28… +1.08

Select:  295.74… +1.66

Choice/Select Spread: 9.54

Total Load Count: 103

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Cutter Cow Cutout:

240.00… -2.79

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CME Feeder Cattle Index for February 29th:

247.00… +0.74/ +0.30%

1 Year Change: +34.94%

52 Week Range: 183.04 to 254.09

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Futures Settlements:

Live Cattle:

April: 188.45… +3.10

June: 184.00… +2.78

August: 182.70… +2.00

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Feeder Cattle:

March: 252.97… +3.97

April: 258.00… +4.28

May: 260.17… +4.05

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April Lean Hogs: 88.07… +1.45

April Crude Oil: 79.97… +1.71

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May Corn: 4.2475… -0.0475

May Wheat: 5.5775… -0.1850

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Grain Cash Bids:

Omaha Corn: 4.25… -0.06

Kansas City Wheat: 5.01… -0.18

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Financial Markets:

DJIA: 39,087.26… +90.57

S & P 500: 5,137.08… +41.30

NASDAQ: 16,274.94… +183.02

U.S. Dollar Index: 103.90… -0.26