You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, Nov. 12
AUSTIN -- For the week ending Nov. 12, feeder cattle prices at select Texas auctions were steady to $10 higher per hundredweight. Oklahoma City was steady to $3 higher and Texas direct feeder cattle sales were steady to $4 higher. Competition for a smaller supply of available cattle continues to support the market. Fed cattle prices averaged a record high $125 per hundredweight, up nearly $6 from a week earlier as the Choice beef cut-out value also reached a new record high. Cotton prices increased after weekly export sales came in at nearly 1 million bales, the highest since October 2003. Grain prices were lower amid continuing global economic uncertainty, sluggish exports and reports that some U.S. livestock feeders are importing cheaper feed-grade wheat.
As for futures markets, cotton was higher while feeder cattle, fed cattle, corn, wheat, and lumber were lower. Most of the eastern three-fourths of Texas recorded rainfall during the week, with scattered locations in the north, east, and south reporting an inch or more. Topsoil moisture remains in mostly short to very short supply. Most crops were again rated in fair to very poor condition, except grain sorghum and wheat, which were mostly good to very poor. Corn was completed ahead of the normal date. Grain sorghum harvest was 85 percent complete, slightly ahead of average. Cotton was 78 percent harvested, well ahead of normal. Winter wheat seedings were 88 percent complete and 56 percent of the crop has emerged, well behind the normal 74 percent because of the very dry conditions. Peanut harvest is 84 percent complete. Citrus fruit, sugarcane, spinach, cabbage, and pecan harvest are also underway. Pastures were rated in 91 percent very poor to poor condition.
Texas Cash Markets for the week ending Nov. 12:
The cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location.
Feeder cattle prices are for 500-600 pound medium and large No. 1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week.
For more information, contact TDA Market News at 1-800-252-3407 or visit the website, http://www.tdamarket news.com, also available from “Links” at http://www.wilson countynews.com.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
Customs intercepts pest new to the United States (May 25, 2016)
Does wounded tree have a chance? (May 25, 2016)
Livestock Market Reports (May 25, 2016)
Mother Nature whips Wilson County crops (May 25, 2016)
Scrapie confirmed in Texas (May 25, 2016)
TDA Market Recap (May 25, 2016)
Texas Hay Report (May 25, 2016)
Beef cattle seven-year decline ends (May 18, 2016)
Educational video for water well owners (May 18, 2016)
Free Beef Quality Assurance training set for May 25 (May 18, 2016)
Fretwell wins Region 8 high school all around rookie saddle (May 18, 2016)
Grant to restore, enhance the monarch butterfly habitat (May 18, 2016)
Grass-fed beef conference (May 18, 2016)
Gun safety and barbecue in New Braunfels (May 18, 2016)
La Vernia Poultry Judging wins state, advances to nationals (May 18, 2016)
Lawn, landscape, rainwater program May 21 in Floresville (May 18, 2016)
Lesser prairie chicken off the list (May 18, 2016)
Livestock Market Reports (May 18, 2016)
Luling Foundation Field Day (May 18, 2016)
Protecting your tomatoes (May 18, 2016)
TDA Market Recap (May 18, 2016)
Texas Hay Report (May 18, 2016)
As El Nińo fades, expect warmer, drier weather says Texas A&M expert (May 11, 2016)
Floresville team wins second at state (May 11, 2016)
Livestock Market Reports (May 11, 2016)
Llamas, load up! (May 11, 2016)
TDA Market Recap (May 11, 2016)
Texas Hay Report (May 11, 2016)
Transplanting mountain laurels (May 11, 2016)
2016 La Vernia Junior Livestock & Poultry Show (May 4, 2016)
Beef, forage symposium May 10 (May 4, 2016)
Cattle raisers’ crime watch (May 4, 2016)
Corn acreage increases in Texas (May 4, 2016)
Help controlling the weeds (May 4, 2016)
Krueger leads the way at La Vernia stock show (May 4, 2016)
Land Heritage nomination deadline nears (May 4, 2016)
Livestock Market Reports (May 4, 2016)
TDA Market Recap (May 4, 2016)
Texas Hay Report (May 4, 2016)
May 2016 Gardening Calendar (May 1, 2016)