Thursday, December 8, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Jan. 29
AUSTIN -- For the week ending Jan. 29, feeder cattle auction prices were mostly steady to $7 lower per hundredweight with a few to $10 lower and some sales later in the week steady to $5 higher. Lower fed cattle and high feed grain prices contributed to the decline. Cotton prices were higher, with the March futures contract hitting an all-time record high on Thursday, due to strong exports, a lower crop estimate for India, strong Chinese demand, and dry weather on the Texas High Plains. Strong export sales also pulled wheat higher and weaker sales pushed corn lower. . . .
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