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Agriculture Today

Texas Cash Market recap, Oct. 15


Texas Cash Market recap, Oct. 15


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October 26, 2011
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AUSTIN -- For the week ending Oct. 15, feeder cattle prices at Texas Panhandle auctions and San Angelo were steady to $5 higher per hundredweight, while Oklahoma City was mostly steady. Texas direct feeder cattle sales were steady to $2 higher. Market influences remain unchanged as historically high fed cattle prices, prospects for tighter feeder supplies, the drought, and lack of grazing were all factors. Fed cattle prices were $2 lower and wholesale beef prices were higher on Choice-grade and lower on Select. Cotton cash prices declined after the U.S. Department of Agriculture (USDA) reported larger than expected global supplies. Corn, grain sorghum, and wheat were higher.  . . .

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