You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, July 2
AUSTIN -- For the week ending July 2, feeder cattle prices at Texas auctions were mostly steady to $8 higher per hundredweight. Lower feed grain prices and higher fed cattle contributed to the increase. Fed cattle prices were modestly higher following increases in wholesale beef. Cotton cash prices were lower because of higher than expected planted acreage and continued weak exports, but losses were limited by the declining prospects for this year’s crop. Corn, grain sorghum, and wheat prices ended the week lower after U.S. Department of Agriculture reported larger than expected corn planted acres and higher stocks of grain in storage.
As for futures markets, feeder cattle and lumber were higher while fed cattle, cotton, wheat, and corn were lower. Hurricane Arlene brought rain to much of South Texas with some locations receiving in excess of three inches. Parts of Northeast Texas recorded more than two inches of rain while widely scattered showers fell in other areas of the state. Topsoil moisture was in mostly adequate to surplus supply in the Lower Rio Grande Valley and mostly short to very short elsewhere. Wheat harvest was 98 percent complete, well ahead of the normal 83 percent with the crop rated in mostly very poor to poor condition. Corn was 60 percent silked with 13 percent rated mature. Grain sorghum planting was 95 percent complete with 51 percent of the crop rated mature. Cotton was squaring on 41 percent of the acreage and 14 percent was setting bolls. 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 July 2:
•Feeder steers, $138.42/cwt
•Fed cattle, $112.44/cwt
•Slaughter lambs, $140/cwt
•Slaughter goats, $171/cwt
Futures markets:•Feeder cattle, $140.47/cwt
•Fed cattle, $112.85/cwt
•Lumber, $244/1000 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
Floresville FFA teams state-bound (April 27, 2016)
Floresville FFA wins in Houston — livestock, judging, tractor restorations (April 27, 2016)
Hail damage may reduce harvest (April 27, 2016)
Karnes City Auction sale (April 27, 2016)
Land Stewardship produces a healthy Texas (April 27, 2016)
Livestock Market Reports (April 27, 2016)
Pesticide class set for May 16 (April 27, 2016)
TDA Market Recap (April 27, 2016)
Texas Hay Report (April 27, 2016)
Ag program for military (April 20, 2016)
Benefit team roping in Jourdanton (April 20, 2016)
Bird feeding options (April 20, 2016)
Catfish management plan released (April 20, 2016)
County 4-H’ers place in Houston (April 20, 2016)
Guada-Coma Chapter news (April 20, 2016)
Livestock Market Reports (April 20, 2016)
Regional conservation partnership (April 20, 2016)
TDA Market Recap (April 20, 2016)
Texas Hay Report (April 20, 2016)
Youth Range Workshop (April 20, 2016)
Always follow label instructions (April 13, 2016)
Chemical collection is May 11 (April 13, 2016)
Livestock Market Reports (April 13, 2016)
Nixon-Smiley show produces champions (April 13, 2016)
TDA Market Recap (April 13, 2016)
Texas Hay Report (April 13, 2016)
East Central’s Patterson, Kempen, and poultry team win at SA show (April 6, 2016)
Livestock Market Reports (April 6, 2016)
Pruning without painting? (April 6, 2016)
TDA Market Recap (April 6, 2016)
Texas Hay Report (April 6, 2016)
Tree grafting, pruning workshop (April 6, 2016)
Wilson County Spring Educational Program (April 6, 2016)
April 2016 Gardening Calendar (April 1, 2016)