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Agriculture Today

Texas Cash Market recap, Nov. 5


Texas Cash Market recap, Nov. 5


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November 16, 2011
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AUSTIN -- For the week ending Nov. 5, feeder cattle prices at selected Texas auctions were mostly $2 to $11 higher per hundredweight with the most advance on light-weaned calves. Oklahoma City was mixed, $2 lower to $5 higher, and Texas direct feeder cattle sales were mostly steady. Competition for a smaller supply of available cattle continues to support the market, although prospects for diminished winter grazing are also limiting demand. Fed cattle prices were down $1.76 from a week earlier, but remain well above this time a year ago. Wholesale beef prices were lower on Choice, but slightly higher for Select-grade. Cotton prices were lower due to weak export sales and concerns about demand.  . . .

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