You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, June 18
AUSTIN -- For the week ending June 18, feeder cattle price trends at Texas auctions were again mixed, from $10 lower to $6 higher per hundredweight. The hot, dry weather, poor pasture conditions, tight cattle supplies, higher fed cattle markets, and lower grain prices were again the primary market factors. Fed cattle prices were $3 higher following increases in wholesale beef prices. Cotton cash prices were again lower due to weak export sales. Wheat prices were lower as supplies from this year’s harvest increased. Corn declined on more favorable weather in the Midwest.
As for futures markets, feeder cattle, and fed cattle were higher while cotton, wheat, corn, and lumber were lower. Very little rainfall was recorded in the state last week with only a few scattered showers reported north and west of a line from Presidio to Texarkana. Topsoil moisture was reported in mostly short to very short supply statewide. Wheat harvest was 71 percent complete, well ahead of the normal 51 percent with the crop rated in mostly very poor to poor condition. Corn was 58 percent silked. Grain sorghum planting was 87 percent complete and 67 percent of the crop is headed. The cotton crop is 97 percent planted and 12 percent of the acreage is setting bolls, both ahead of normal. Most crops were rated in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures remain in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.
Texas Cash Markets for the week ending June 18:
•Feeder steers, $129.41/cwt
•Fed cattle, $108.14/cwt
•Slaughter lambs, $140.50/cwt
•Slaughter goats, $164.25/cwt
•Grain sorghum, $11.40/cwt
•Oranges, $11.50/50 lbs
Futures markets:•Feeder cattle, $132.65/cwt
•Fed cattle, $109.75/cwt
•Lumber, $223.60/1000 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
Beef Cattle Management seminar (August 26, 2015)
Cotton root rot and its symptoms (August 26, 2015)
Feral hogs, water workshop (August 26, 2015)
Get acquainted with 4-H event (August 26, 2015)
Harvey places in top 20 (August 26, 2015)
Hay & Forage Report (August 26, 2015)
Livestock Market Reports (August 26, 2015)
Mobile app for hunting regs (August 26, 2015)
Registration for cattle conference (August 26, 2015)
Survey deadline (August 26, 2015)
Turkey fed to improve Texas grasslands (August 26, 2015)
Wilson County 4-H Council, Booster meetings, Sept. 2 (August 26, 2015)
Anthrax confirmed in equine in Uvalde County (August 19, 2015)
Deer association: Environmental group deceives deer industry, wildlife community (August 19, 2015)
Don’t miss your shot! Apply for drawn hunts (August 19, 2015)
Feral hog management workshop is Sept. 4 (August 19, 2015)
Hay & Forage Report (August 19, 2015)
Livestock Market Reports (August 19, 2015)
Prospects bright for dove season (August 19, 2015)
Saving tomatoes from the Texas heat (August 19, 2015)
Siblings make rodeo memories (August 19, 2015)
TDA Market Report (August 19, 2015)
Chagas disease in South Central Texas (August 12, 2015)
Eastern equine encephalitis cases reported in Texas (August 12, 2015)
Hay & Forage Report (August 12, 2015)
Leaf-dropping is common (August 12, 2015)
Livestock Market Reports (August 12, 2015)
New, stronger El Nińo may bring another wet winter (August 12, 2015)
Pieniazek elected president of ag education leadership (August 12, 2015)
EPA ‘muddies’ Clean Water Act (August 5, 2015)
Hay & Forage Report (August 5, 2015)
It’s a ‘banner’ summer for Payton! (August 5, 2015)
Lantanas losing luster; mosquitoes a bother (August 5, 2015)
Livestock Market Reports (August 5, 2015)
Meuths receive Bronze Merit Award (August 5, 2015)
Shoot to benefit Don Newbury (August 5, 2015)
TDA Market Report (August 5, 2015)
August 2015 Gardening Calendar (August 1, 2015)