Thursday, December 8, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Aug. 27
AUSTIN -- For the week ending Aug. 27, feeder cattle price trends at Texas auctions were again uneven, from $5 lower to $5 higher per hundredweight. High drought-related volumes at many auctions and the lack of grazing continue to pressure markets, though higher fed cattle, the likelihood for lower supplies this fall and higher beef prices remain supportive. Fed cattle prices were $1 lower following a decline in wholesale beef prices. Cotton prices were lower for the week as prospects for a smaller, drought-reduced U.S. crop were more than offset by weak exports. Corn prices were higher on prospects that production may be lower than current forecasts. Wheat prices were higher following reports of lower than expected spring wheat yields. . . .
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Agriculture & Outdoors Archives
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