Thursday, March 5, 2015
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, July 21
AUSTIN -- For the week ending July 21, feeder cattle prices at Texas auctions were mostly $3 to $15 lower per hundredweight (cwt) early in the week and steady to $7 lower later. Texas feeder cattle sales directly to stocker operations and feedlots were $2 to $4 lower. At the Oklahoma City National Stockyards, feeder cattle were $6 to $10 lower. Higher grain prices, lower fed cattle, hot temperatures, and poor pasture conditions all contributed to the decline. The fed cattle cash trade was $1.65 lower per cwt following a drop in wholesale beef prices. Cotton prices ended the week modestly higher amid concerns about hot, dry weather in West Texas and unfavorable growing conditions in India and Pakistan. The expanding drought and unusually hot weather in the U.S. Corn Belt continued to drive corn, grain sorghum, and wheat higher. . . .
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