Texas Cash Market recap, May 5
AUSTIN -- For the week ending May 5, feeder cattle prices at the Texas Panhandle auctions covered by the U.S. Department of Agriculture (USDA) Market News were steady to $8 higher per hundredweight (cwt), while San Angelo was steady to $2 lower. The Texas direct feeder cattle trade was mostly steady to $3 lower early in the week, but steady to $2 higher later as markets recovered from the limited effects of the California BSE case. The Oklahoma City auction on Monday was $2 to $8 lower on feeder cattle and steady to $4 lower on calves. Fed cattle cash prices were $1 higher per cwt as markets recovered from the previous week’s BSE announcement. Beef prices were near unchanged for the week. Cotton cash prices were lower due to large world stocks, a weak global economy, beneficial rains in parts of Texas, and renewed exports by India. Grain prices were lower for the week on global economic weakness and a stronger dollar. In addition, participants in the Kansas hard red winter wheat tour came up with a higher yield estimate, which offset a “decent” export sales report. Corn and grain sorghum were lower as the rapid planting progress of this year’s crop increased the chances for a larger U.S. crop, but the decline was limited by stronger export sales and tight current supplies. . . .
The full article is available to Wilson County News subscribers only (if you receive the paper in the mail or if you have purchased an E-subscription). Subscribe today or purchase this issue (May 16, 2012) for $3.00. (If you are already a subscriber, simply sign in using the Login form in the upper right of this page.)
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
April 2015 Gardening Calendar (April 1, 2015)
Atascosa County Agri-Land Workshop is April 22 (April 1, 2015)
Benefit team roping set for April 25 (April 1, 2015)
Brush, hog control workshop is April 15 (April 1, 2015)
Despite beef checkoff agreement, division remains (April 1, 2015)
Government extends comment period for Dietary Guidelines until May 8 (April 1, 2015)
Government extends crop programs deadline (April 1, 2015)
Hay & Forage Report (April 1, 2015)
Livestock Market Reports (April 1, 2015)
Mulberry trees are great for wildlife, but not for shade (April 1, 2015)
TDA Market Report (April 1, 2015)
Time to purchase steer tags (April 1, 2015)
What landowners need to know, workshop April 29 (April 1, 2015)
Wilson County calf scramble trio (April 1, 2015)