Wednesday, March 4, 2015
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, May 14
AUSTIN -- For the week ending May 14, feeder cattle price trends at Texas auctions were mixed, from $5 lower per hundredweight to as much as $6 higher at a few auctions. Tight supplies, lower fed cattle markets and fluctuating grain prices were again the primary influences on markets. Fed cattle prices followed wholesale beef values lower. Cotton prices declined as concerns about short-term demand more than offset the drought in Texas and other parts of the Cotton Belt. Corn, grain sorghum, and wheat prices finished the week modestly lower after the U.S. Department of Agriculture raised its projections for end-of-year corn supplies. . . .
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