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Agriculture Today

Texas Cash Market recap, July 7


Texas Cash Market recap, July 7


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July 18, 2012
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AUSTIN -- For the week ending July 7, a feeder cattle price trend for Texas auctions is not available as most locations were closed for the Independence Day holiday. Texas feeder cattle sales directly to stocker operations and feedlots were mostly steady. At Oklahoma City, the sales volume was not sufficient to establish a trend. The fed cattle cash trade was almost $1 higher per hundredweight and beef prices were lower. Cotton prices were lower due to a stronger dollar, concerns about cotton demand and modest chances of beneficial rains in West Texas. Corn and grain sorghum were higher amid ongoing concerns that hot, dry weather in parts of the Corn Belt will damage the corn crop. Wheat prices followed other grains higher with an added boost from lower production forecasts for parts of Europe.  . . .

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