You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, Dec. 3
AUSTIN -- For the week ending Dec. 3, feeder cattle prices at select Texas auctions were steady to $10 higher per hundredweight with the most advance on lighter-weight calves. Texas direct feeder cattle sales were mostly steady while Oklahoma City was steady to $12 higher. Competition for a shrinking supply of available cattle continues to support the market. Fed cattle prices were unchanged in spite of a decline in wholesale beef values. Cotton and grain prices were higher after central banks took steps to relieve the European debt crisis, thereby boosting optimism that demand will improve in the near future. However, weak current exports limited gains.
As for futures markets, feeder cattle, fed cattle, cotton, wheat, and corn were higher while lumber was lower. Much of the state north of a line from roughly Nacogdoches to Corpus Christi to Odessa recorded rainfall during the week with heaviest amounts mostly west of I-35. Crop progress and crop condition information are not available as the U.S. Department of Agriculture has discontinued its weekly reports until after the first of the year.
Texas Cash Markets for the week ending Dec. 3:
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
Cattlemen learn to combat brush to protect grazing (February 10, 2016)
Charolais for Profit Sale Feb. 13 (February 10, 2016)
Could live oak pose a hazard? (February 10, 2016)
EPA comment deadline nears (February 10, 2016)
Hay & Forage Report (February 10, 2016)
Livestock Market Reports (February 10, 2016)
Meat is in, sustainable [diets] are out … for now (February 10, 2016)
‘Grants For Growing’ news (February 10, 2016)
‘U.S. beef’ — What’s in a name? (February 10, 2016)
Cisco man arrested for horse theft (February 3, 2016)
EC livestock judging Feb. 27 (February 3, 2016)
Fletcher wins top individual at national contest (February 3, 2016)
Hay & Forage Report (February 3, 2016)
La Vernia stock show news (February 3, 2016)
Livestock Market Reports (February 3, 2016)
Poth ag mechanics welding for success (February 3, 2016)
Raccoons may be culprits behind missing suet blocks (February 3, 2016)
Texans can win lifetime license (February 3, 2016)
Trail ride dance Feb. 9 (February 3, 2016)
Trail Ride Schedules (February 3, 2016)
Who’s the boss? (February 3, 2016)
Yosko places second in nation (February 3, 2016)