You’ve been granted free access to this subscribers only article.
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.
As for futures markets, cotton, wheat, and lumber were higher while fed cattle, feeder cattle, and corn were lower. Parts of East Texas received up to 2 inches of rain during the week, but little or no rain was reported elsewhere. Topsoil moisture remained mostly adequate to short in the eastern half of the state and mostly short to very short in West Texas. Winter wheat was 96 percent emerged and reported in mostly fair to poor condition. Dry-land wheat on the Plains and in the Cross Timbers region suffered from the very dry conditions. Field preparations for spring planting were underway in many locations. With pastures in mostly fair to poor condition, livestock required supplemental feed in many areas.
Texas Cash Markets for the week ending Jan. 29:
•Fed cattle, $104.96/cwt
•Slaughter lambs, $195.83/cwt
•Slaughter goats, $206.50/cwt
•Grain sorghum, $10.64/cwt
•Feeder cattle, $126.22/cwt
•Fed cattle, $107.50/cwt
•Lumber, $315/1000 bd ft.
The cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location.
Feeder cattle prices are for 500-600 pound medium and large No. 1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week.
For more information, contact TDA Market News at 1-800-252-3407 or visit the website, http://www.tdamarket news.com, also available from “Links” at http://www.wilson countynews.com.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
Beef Cattle Management seminar (August 26, 2015)
Cotton root rot and its symptoms (August 26, 2015)
Feral hogs, water workshop (August 26, 2015)
Get acquainted with 4-H event (August 26, 2015)
Harvey places in top 20 (August 26, 2015)
Hay & Forage Report (August 26, 2015)
Livestock Market Reports (August 26, 2015)
Mobile app for hunting regs (August 26, 2015)
Registration for cattle conference (August 26, 2015)
Survey deadline (August 26, 2015)
Turkey fed to improve Texas grasslands (August 26, 2015)
Wilson County 4-H Council, Booster meetings, Sept. 2 (August 26, 2015)
Anthrax confirmed in equine in Uvalde County (August 19, 2015)
Deer association: Environmental group deceives deer industry, wildlife community (August 19, 2015)
Don’t miss your shot! Apply for drawn hunts (August 19, 2015)
Feral hog management workshop is Sept. 4 (August 19, 2015)
Hay & Forage Report (August 19, 2015)
Livestock Market Reports (August 19, 2015)
Prospects bright for dove season (August 19, 2015)
Saving tomatoes from the Texas heat (August 19, 2015)
Siblings make rodeo memories (August 19, 2015)
TDA Market Report (August 19, 2015)
Chagas disease in South Central Texas (August 12, 2015)
Eastern equine encephalitis cases reported in Texas (August 12, 2015)
Hay & Forage Report (August 12, 2015)
Leaf-dropping is common (August 12, 2015)
Livestock Market Reports (August 12, 2015)
New, stronger El Nińo may bring another wet winter (August 12, 2015)
Pieniazek elected president of ag education leadership (August 12, 2015)
EPA ‘muddies’ Clean Water Act (August 5, 2015)
Hay & Forage Report (August 5, 2015)
It’s a ‘banner’ summer for Payton! (August 5, 2015)
Lantanas losing luster; mosquitoes a bother (August 5, 2015)
Livestock Market Reports (August 5, 2015)
Meuths receive Bronze Merit Award (August 5, 2015)
Shoot to benefit Don Newbury (August 5, 2015)
TDA Market Report (August 5, 2015)
August 2015 Gardening Calendar (August 1, 2015)