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Agriculture Today

Texas Cash Market recap, Nov. 26


Texas Cash Market recap, Nov. 26


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December 7, 2011
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AUSTIN -- For the week ending Nov. 26, feeder cattle prices at selected Texas auctions were mostly steady. Oklahoma City was mostly steady to $5 higher per hundredweight, though a few were $2 lower. Texas direct feeder cattle sales were mostly steady to $3 higher. Competition for a shrinking supply of available cattle continues to support the market. Fed cattle prices were higher as processors had to increase bids for a smaller cattle supply. Beef values were also higher with Choice beef remaining at a near-record high level. Cotton and grain prices were lower as the ongoing global economic uncertainty led to concerns that demand will suffer.  . . .

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