Saturday, December 10, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Oct. 8
AUSTIN -- For the week ending Oct. 8, feeder cattle prices at Texas Panhandle auctions and San Angelo were steady to $2 higher per hundredweight. Feeder cattle prices in Oklahoma City were mostly $3 to $7 higher. Market influences remain unchanged as stable fed cattle prices, prospects for tighter feeder supplies, drought, and lack of grazing were all factors. Fed cattle prices were 17˘ higher and wholesale beef prices were higher, with Choice-grade beef posting the largest increase. Cotton was higher because of improved exports, renewed buying interest from China, and lower production in the United States and Pakistan. Corn and grain sorghum were higher, but wheat declined as U.S. exports sales struggle to compete with cheaper grain from the Black Sea region and beneficial rains on the U.S. Southern Plains boosted prospects for the winter wheat crop. . . .
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