You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, Mar. 12
AUSTIN -- For the week ending March 12, feeder cattle prices at Texas auctions were mostly $1 to $9 higher per hundredweight. Tight supplies and higher fed cattle continue to support the market. Fed cattle prices were sharply higher as wholesale beef values continued to increase. Cotton and grain prices declined on Thursday in response to the U.S. Department of Agriculture’s supply and demand report then dropped even more on Friday amid concerns about the earthquake and tsunami that hit Japan. Japan is a major importer of U.S. agricultural commodities and is the No.1 overseas buyer of U.S. corn and pork.
As for futures markets, feeder cattle, and fed cattle were higher while cotton, wheat, corn, and lumber were lower. Little precipitation was recorded anywhere in the state during the week with amounts generally less than a quarter-inch east of I-35 and in the Panhandle. Soil moisture conditions remain mostly short to very short in West Texas and mostly short to adequate in East Texas. The wheat crop continues to suffer from the dry conditions with the crop rated in mostly fair to very poor condition. Corn planting progressed to 28 percent complete, ahead of last year and the five-year average. The grain sorghum crop was 29 percent planted, also well ahead of normal. Pastures are greening up in many areas, but remained dry and in mostly fair to poor condition.
Texas Cash Markets for the week ending March 12:
•Feeder steers, $146.10/cwt
•Fed cattle, $117.98/cwt
•Slaughter lambs, $220.17/cwt
•Slaughter goats, $233/cwt
•Grain sorghum, $11.02/cwt
•Feeder cattle, $131.55/cwt
•Fed cattle, $117.12/cwt
•Lumber, $285/1000 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
County committee nomination period begins (June 22, 2016)
Hartmann takes the steer by the horns to win state championship (June 22, 2016)
La Vernia FFA wraps up school year with honors, scholarships (June 22, 2016)
Livestock Market Reports (June 22, 2016)
Root rot knocks out roses (June 22, 2016)
TDA Market Recap (June 22, 2016)
Texas Hay Report (June 22, 2016)
A student’s ag-related journey (June 15, 2016)
Family Land Heritage news (June 15, 2016)
Five dirty truths on agriculture (June 15, 2016)
Horseherb galloping through yards (June 15, 2016)
Kristin Storey: South Texas queen to compete for national title (June 15, 2016)
Livestock Market Reports (June 15, 2016)
Miller announces assistance for farmers devastated by floods (June 15, 2016)
No “rain, rain, go away” as precipitation persists (June 15, 2016)
Schwartz takes lead as Texas state veterinarian (June 15, 2016)
TDA Market Recap (June 15, 2016)
Texas Hay Report (June 15, 2016)
Texas Rural Leadership Program (June 15, 2016)
It’s almost rodeo time in Stockdale (June 8, 2016)
Livestock Market Reports (June 8, 2016)
Save seed pods for next fall (June 8, 2016)
TDA Market Recap (June 8, 2016)
Texas Hay Report (June 8, 2016)
Big Time Texas Hunts entries now on sale (June 1, 2016)
Burbridge leads the way in Buck Taylor roping event (June 1, 2016)
Farm Bureau solicits AgLead, FarmLead participants (June 1, 2016)
June 2016 Gardening Calendar (June 1, 2016)
Livestock Market Reports (June 1, 2016)
Save squash from vine borers (June 1, 2016)
State Farm Bureau testifies on agricultural use valuation (June 1, 2016)
TDA Market Recap (June 1, 2016)
Texas Hay Report (June 1, 2016)