You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, May 19
AUSTIN -- For the week ending May 19, feeder cattle prices at the Texas auctions covered by the U.S. Department of Agriculture (USDA) Market News were mostly steady to $2 higher per hundredweight (cwt), with a few to $5 higher. The Texas direct feeder cattle trade was mostly steady to $4 higher, with the largest increases noted on cattle weighing 800 pounds or more. The Oklahoma City auction was steady to $2 higher. Fed cattle cash prices were almost $3 higher per cwt following increases in beef prices and supportive futures markets. Cotton cash prices were lower due to large world supplies, beneficial rains in parts of the Cotton Belt and news that China, our largest cotton trade partner, intends to limit imports. Corn and grain sorghum prices were higher on news of large Chinese purchases and concerns about dry weather in parts of the Corn Belt. Wheat prices were higher as strong export sales and reports of dry conditions in Kansas and the Black Sea region in Europe offset large current world supplies.
As for futures markets, feeder cattle, fed cattle, wheat, and corn were higher, while cotton and lumber were lower. Much of the state recorded rainfall last week with the heaviest amounts in east-central Texas, the western Panhandle, and along the Rio Grande River from Rio Grande City to Del Rio and then north through Monahans. Winter wheat was rated in mostly fair to good condition with 99 percent of the acreage headed and 11 percent harvested for grain, both ahead of normal. Rains once again delayed harvest in parts of Central Texas. Corn was 95 percent planted, slightly behind the 96 percent average, and 82 percent was emerged. The crop was rated in mostly good to fair condition. Grain sorghum planting was ahead of normal at 89 percent complete and 26 percent of the crop was headed. Cotton planting was 49 percent complete, well ahead of the normal 41 percent. Rice planting was nearing completion and peanut planting was ahead of normal at 78 percent complete. Pastures were rated in mostly fair to good condition, but still need rain in some areas.
Texas Cash Markets for the week ending May 19:
•Feeder steers, $177.29/cwt
•Fed cattle, $122.89/cwt
•Slaughter goats, $210/cwt
•Onions, $10.00/50 lbs
•Feeder cattle, $151.30/cwt
•Fed cattle, $119.52/cwt
•Wheat , $7.05/bu
•Lumber, $288.50/1000 bd ft.
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)