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Agriculture Today

Texas Cash Market recap, Jan. 15




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January 26, 2011 | 2856 views | Post a comment

AUSTIN -- For the week ending Jan. 15, feeder cattle auction prices were mostly steady to $10 higher per hundredweight with some locations as much as $15 higher on at least a portion of their offerings. Continued tight supplies of available cattle and higher fed cattle prices contributed to the increase. Fed cattle markets followed wholesale beef prices higher. Cotton cash prices were unchanged after trading higher early in the week in anticipation of Wednesday’s U.S. Department of Agriculture (USDA) reports, and then declining later after China again raised bank reserve requirements. Grain prices were higher after the USDA reports showed even tighter than expected supplies for most commodities. Wheat gave back some of its gains later in the week as world supplies remain ample compared to other grains.  . . .

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