You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, April 21
AUSTIN -- For the week ending April 21, 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), though one location was as much as $5 lower on a few head. Receipts at many auctions were half to two-thirds of those during the same week a year ago. Weather limited volumes at some sales, but the lower head counts also were likely a reflection of smaller supplies of available cattle. The Texas direct feeder cattle trade was mostly $2 to $4 higher with a few to $6 higher. Oklahoma City was $2 to $5 higher on feeder cattle and steady on calves. Fed cattle cash prices were 47 cents lower per cwt compared to the previous week. Beef prices were $7-$10 higher, which should help ease packer losses somewhat. Cotton cash prices were modestly lower as large world stocks, renewed exports by India and an unremarkable U.S. export report weighed on markets. However, traders were increasingly concerned about the dry conditions on the Texas Plains. Grain prices were also lower for the week. Wheat declined as improved growing conditions in the United States and forecasts for a large Australian crop are expected to add to already-ample world supplies. Corn and grain sorghum were lower as early plantings and favorable weather are expected to boost the U.S. crop. In addition, rumored export sales to China failed to materialize.
As for futures markets, fed cattle and lumber were higher, but feeder cattle, cotton, wheat, and corn were lower. Areas along the Gulf Coast and in East Texas recorded an inch or more of rain during the week while most other locations reported a half-inch or less. Winter wheat was rated in mostly fair to good condition, but stressed in some areas by a lack of moisture. The crop is 67 percent headed, well ahead of the 38 percent on average by this date. Some small grains were being baled for hay. Corn was 65 percent planted, slightly ahead of normal, and 53 percent was emerged with conditions rated mostly good to excellent. Grain sorghum planting was 60 percent complete compared to 58 percent on average. Cotton planting was 23 percent complete, ahead of the normal 16 percent. Rice was 79 percent planted. Pastures in much of the state need rain and were rated in mostly fair to good condition.
Texas Cash Markets for the week ending April 21:
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
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)