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Agriculture Today

Texas Cash Market recap, June 11




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June 22, 2011 | 3142 views | Post a comment

AUSTIN -- For the week ending June 11, feeder cattle price trends at Texas auctions were mixed, from $5 lower to $5 higher per hundredweight. The hot, dry weather, poor pasture conditions, tight cattle supplies, modestly higher fed cattle markets and fluctuating grain prices were again the primary influences on markets. Fed cattle prices were $1 higher as sellers were able to capture some of the recent increase in packer margins. Cotton cash prices were lower due to weak export sales. Wheat prices declined as harvest of this year’s crop increased supplies. Corn prices were higher after the U.S. Department of Agriculture released projections for tighter-than-expected carryover from the 2011 crop.  . . .

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