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Agriculture Today

Texas Cash Market recap, Mar. 24


Texas Cash Market recap, Mar. 24


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April 4, 2012
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AUSTIN -- For the week ending March 24, feeder cattle price trends at Texas auctions covered by the U.S. Department of Agriculture (USDA) Market News were mixed, from $5 lower per hundredweight (cwt) to $3 higher, depending on location and the type, age, weight, and quality of offerings. Texas feeder cattle sales direct to feedlots were weak to $5 lower in relatively light trade. Oklahoma City was steady to $2 lower on feeder cattle and steady to $3 higher on calves. Fed cattle cash prices were down by less than 50 cents per cwt from the previous week following continued declines in beef values. Cotton cash prices were higher on increased end-user purchases, an encouraging export report and uncertainty about 2012 acreage. Wheat prices declined following beneficial rains on the U.S. plains and word that Russia will not limit exports and. Corn and grain sorghum prices were lower following the previous week’s modest export report; lower Chinese prices; and increasing prospects for a larger 2012 U.S. corn crop.  . . .

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