You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, April 30
AUSTIN -- For the week ending April 30, feeder cattle prices at Texas auctions were $5 lower to $8 higher per hundredweight compared to a week ago as markets continue to fluctuate in response to volatile grain prices, lower fed cattle and beef markets, and overall tight supplies. Fed cattle cash prices followed wholesale beef prices lower. Corn and grain sorghum prices were higher amid ongoing concerns that wet weather in the Midwest will further delay planting. Wheat prices declined as beneficial rains fell in parts of the Great Plains. As for futures markets, corn and lumber were higher while feeder cattle, fed cattle, cotton and wheat were lower. Areas north and east of a line from Lubbock to Houston recorded rainfall ranging from a trace to more than three inches in parts of East Texas. No rain was reported elsewhere in the state. Topsoil moisture supplies remain mostly short to very short with the entire state suffering from some degree of drought, according to the latest U.S. Drought Monitor. Wheat condition continued to decline with 66 percent of the acreage headed and 74 percent reported in poor to very poor condition. Corn planting was slightly ahead of the normal pace at 79 percent complete and the crop was rated in mostly fair to poor condition. Grain sorghum and cotton planting were progressing more slowly than normal at 56 percent and 16 percent complete, respectively. Pastures were rated in mostly poor to very poor condition and need rain statewide.
•Feeder steers, $141.14/cwt
•Fed cattle, $116.90/cwt
•Slaughter lambs, $184/cwt
•Slaughter goats, $206/cwt
•Onions, $7/50 lbs.
Futures markets:•Feeder cattle, $131.90/cwt
•Fed cattle, $117.05/cwt
•Lumber, $237/1000 bd ft.
Texas Cash Markets for the week ending April 30:
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.wilsoncountynews.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
Add some ‘glads’ to your garden (June 29, 2016)
County Farm Bureau: Giving back to the community, more (June 29, 2016)
Dr. Johnson receives Honorary FFA degree (June 29, 2016)
Livestock Market Reports (June 29, 2016)
Pleasanton cowgirl represents Texas in Tennessee (June 29, 2016)
TDA Market Recap (June 29, 2016)
Texas Hay Report (June 29, 2016)
U.S. Cattlemen defend beef: Say no to ‘Meatless Monday’ (June 29, 2016)
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)