You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, April 14
AUSTIN -- For the week ending April 14, feeder cattle price trends at Texas auctions covered by the U.S. Department of Agriculture (USDA) Market News were mostly steady to $3 higher per hundredweight (cwt), with a few to $5 higher. Several locations noted light receipts last week because of the Easter holiday. The Texas direct feeder cattle trade was $2 to $3 lower with limited comparable sales for immediate delivery as many sellers reportedly passed on the lower bids. Oklahoma City was steady to $2 lower with light receipts. Fed cattle cash prices were near unchanged from the previous week as beef prices fluctuated, but ended the week unchanged on Choice and higher on Select-grade beef. Cotton cash prices were higher on projections for tighter domestic supplies, strong export shipments and sales that have already equaled USDA projections for the marketing year. Grain prices declined from the previous week under pressure from higher than expected corn stocks, good planting conditions, rapid progress of spring crops, and favorable weather in the United States and the European wheat-growing areas.
As for futures markets, feeder cattle, fed cattle, and cotton were higher, but wheat, corn, and lumber were lower. Most of the state recorded rainfall during the week with the heaviest amounts along the coast, in East Texas, on the High Plains, and in parts of the Trans-Pecos region. Crop condition and progress information were not available from USDA for this week’s report after a small fire forced closure of USDA headquarters offices in Washington, D.C. The closure delayed the publication of the reports.
Texas Cash Markets for the week ending April 14:
The cash prices above are market averages for locations covered by the USDA 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 at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week.
For more information, contact TDA at 1-800-835-5832 or visit the website, http://www.TexasAgriculture.gov.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
Floresville FFA teams state-bound (April 27, 2016)
Floresville FFA wins in Houston — livestock, judging, tractor restorations (April 27, 2016)
Hail damage may reduce harvest (April 27, 2016)
Karnes City Auction sale (April 27, 2016)
Land Stewardship produces a healthy Texas (April 27, 2016)
Livestock Market Reports (April 27, 2016)
Pesticide class set for May 16 (April 27, 2016)
TDA Market Recap (April 27, 2016)
Texas Hay Report (April 27, 2016)
Ag program for military (April 20, 2016)
Benefit team roping in Jourdanton (April 20, 2016)
Bird feeding options (April 20, 2016)
Catfish management plan released (April 20, 2016)
County 4-H’ers place in Houston (April 20, 2016)
Guada-Coma Chapter news (April 20, 2016)
Livestock Market Reports (April 20, 2016)
Regional conservation partnership (April 20, 2016)
TDA Market Recap (April 20, 2016)
Texas Hay Report (April 20, 2016)
Youth Range Workshop (April 20, 2016)
Always follow label instructions (April 13, 2016)
Chemical collection is May 11 (April 13, 2016)
Livestock Market Reports (April 13, 2016)
Nixon-Smiley show produces champions (April 13, 2016)
TDA Market Recap (April 13, 2016)
Texas Hay Report (April 13, 2016)
East Central’s Patterson, Kempen, and poultry team win at SA show (April 6, 2016)
Livestock Market Reports (April 6, 2016)
Pruning without painting? (April 6, 2016)
TDA Market Recap (April 6, 2016)
Texas Hay Report (April 6, 2016)
Tree grafting, pruning workshop (April 6, 2016)
Wilson County Spring Educational Program (April 6, 2016)
April 2016 Gardening Calendar (April 1, 2016)