You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, June 9
AUSTIN -- For the week ending June 9, feeder cattle prices at the Texas auctions covered by the U.S. Department of Agriculture (USDA) Market News were mostly steady to $3 higher per hundredweight (cwt). The Texas direct feeder cattle trade was steady to $3 higher. The Oklahoma City auction was mostly steady. Fed cattle cash prices were nearly $1 higher compared to the previous week, while beef prices were lower with Select-grade offerings posting the most decline. Cotton prices pushed higher at the end of the week as a weaker dollar and supportive export sales offset improved prospects for the U.S. crop and ample world supplies. Corn and grain sorghum were higher amid concerns that hot, dry weather in the Midwest might hurt this year’s crop. Wheat prices followed other grains higher, but gains were limited by increasing harvest-time supplies of hard red winter wheat.
As for futures markets, feeder cattle, fed cattle, cotton, wheat, corn, and lumber were higher. South Texas and much of the state north of a line from Corpus Christi to Odessa recorded precipitation during the week, with some locally heavy totals in excess of three inches. The weekly USDA National Agricultural Statistics Service crop progress and condition report showed corn planting nearing completion with 95 percent of the acreage emerged, slightly behind the average for this date. Condition was rated mostly good to fair. Grain sorghum was 92 percent planted and 59 percent headed, both well ahead of normal, with the crop in mostly good to fair condition. The state’s wheat crop was 50 percent harvested, much above the 30 percent average for this date. The crop was rated in mostly good to poor condition. Cotton planting was 95 percent complete and 14 percent of the crop is squaring, both ahead of normal. The state’s cotton acreage was rated in mostly fair to good condition. Pastures improved in areas that received rain, though the moisture also boosted weed and brush growth. Pastures were rated mostly good to poor statewide with supplemental feed still needed in some areas.
Texas Cash Markets for the week ending June 9: see attached image
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)