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Agriculture Today

Texas Cash Market recap, June 4




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June 14, 2011 | 3141 views | Post a comment

AUSTIN -- For the week ending June 4, feeder cattle price trends at Texas auctions were mixed, from $6 lower to $5 higher. Poor pasture conditions, tight cattle supplies, steady fed cattle markets, and fluctuating grain prices were again the primary influences on markets. Fed cattle prices were unchanged. Cotton prices increased because of ongoing concerns that drought in Texas and other parts of the Cotton Belt will reduce 2011 production. Grain prices declined early in the week after Russia announced it intends to resume wheat exports after July 1. Prices rebounded later in the week because of dry conditions in winter wheat areas and planting delays in the eastern Corn Belt.  . . .

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