You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, July 28
AUSTIN -- For the week ending July 28, feeder cattle prices at Texas auctions were generally steady to as much as $12 higher per hundredweight (cwt), though a few locations noted lower prices, especially on fleshy, unweaned calves. Texas direct feeder cattle sales and the Oklahoma City National Stockyards were steady to $3 lower. Tight supplies, higher futures markets and a dip in grain prices contributed to the higher prices, although negative cattle feeding margins limited the increase. The fed cattle cash trade was $1.33 higher per cwt and wholesale beef prices were flat for most of the week before declining on Friday. Cotton prices ended the week modestly higher amid concerns about hot, dry weather in West Texas and unfavorable growing conditions in India. Grain prices were lower through mid-week due to weak export demand and hopes for improved weather in the Corn Belt. Prices rebounded later as the hot, dry conditions in the Midwest continued and private forecasts called for lower production in the Corn Belt.
As for futures markets, feeder cattle and fed cattle were higher, but cotton, wheat, corn, and lumber were lower. Scattered showers fell over much of the state during the week with some locations in East, South and West Texas recording an inch or more of rainfall. According to the weekly U.S. Department of Agriculture National Agricultural Statistics Service crop progress and condition report, the condition index for cotton was 59 points, down from 62 points a week ago, with 92 percent of the acreage squaring, and 48 percent setting bolls, both ahead of normal. The corn condition index was 71, down two points from last week, with 93 percent of the crop tasseled and an above-normal 17 percent of the acreage harvested. Grain sorghum was 81 percent headed and 53 percent of the crop has been harvested, both ahead of normal. The condition index was 70 points compared to 69 a week ago. The condition index for peanuts improved to 76 points, up one point from last week. Rice harvest is 3 percent complete, with a condition index of 86, up five points from a week ago. Pasture and hay conditions varied considerably across the state depending on rainfall. Statewide, conditions declined somewhat with 22 percent of the pasture acreage rated in good to excellent condition; 44 percent was rated poor to very poor; and 34 percent was rated in fair condition.
Texas Cash Markets for the week ending July 28:
•Feeder steers, $144.01/cwt
•Fed cattle, $114.32/cwt
•Slaughter lambs, $115/cwt
•Slaughter goats, $184/cwt
Futures markets: •Feeder cattle, $137.75/cwt
•Fed cattle, $119.60/cwt
•Lumber, $286.30/1000 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
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)