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Agriculture Today

Texas Cash Market recap, April 28




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May 9, 2012 | 3855 views | Post a comment

AUSTIN -- For the week ending April 28, feeder cattle price trends at Texas auctions covered by the U.S. Department of Agriculture (USDA) Market News were mostly $2 to $7 lower per hundredweight (cwt). Those sales were held late in the week, after the USDA confirmed a case of BSE in a California dairy cow. The Texas direct feeder cattle trade was mostly steady to $2 higher early in the week, but steady to $3 lower later in the week after the BSE report. Prices at Oklahoma City auction on Monday were steady to $2 higher. Fed cattle cash prices were $2.34 lower per cwt compared to the previous week amid concerns about future demand. Beef prices climbed early in the week and then also dipped lower after the BSE announcement, but still managed to end the week higher than the previous Friday.  . . .

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