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Agriculture Today

Texas Cash Market recap, Sept. 17


Texas Cash Market recap, Sept. 17


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September 28, 2011
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AUSTIN -- For the week ending Sept. 17, feeder cattle prices at Texas Panhandle auctions were mixed $3 lower per hundredweight to $6 higher. At San Angelo, feeders were $3 to $5 lower and at Oklahoma City, prices were $2 to $8 lower on steers, and steady to $2 lower on heifers. Flat fed cattle prices, the likelihood of lower feeder supplies this fall, drought, and lack of grazing were all factors influencing the feeder market. Fed cattle prices were near unchanged and wholesale beef prices were higher. Cotton prices were lower for the week amid continued weak export demand and ample world production. Corn prices declined, mostly because of speculative profit-taking on the underlying futures markets. Wheat prices were again lower because of weak export demand for U.S. wheat.  . . .

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