You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, Aug. 11
AUSTIN -- For the week ending Aug. 11, feeder cattle prices at Texas auctions were mostly steady to $5 higher per hundredweight (cwt), although a few locations were steady to $5 lower and a few were as much as $10 higher. Texas direct feeder cattle sales were $1 to $4 higher. At the Oklahoma City National Stockyards, feeder cattle were steady to $4 lower. Higher fed cattle, lower feed grains and tightening supplies contributed to the higher prices, although negative cattle feeding margins limited the increase. The fed cattle cash trade was more than $1 higher per cwt and wholesale beef prices were $6 to $7 higher. Cotton prices were unchanged for the week. Prices increased early amid ongoing concerns about unfavorable weather in West Texas and India, but fell on Friday after U.S. Department of Agriculture (USDA) reported higher than expected production and carryover supplies. Corn and grain sorghum also ended the week modestly lower after projections for lower demand offset a lower production forecast. Meanwhile, wheat was higher.
As for futures markets, feeder cattle, fed cattle, and lumber were higher, but corn, grain sorghum, and wheat were lower. Scattered showers fell over much of the state during the week with some locations reporting an inch or more of rain, mostly in East Texas, West-Central Texas and the eastern Panhandle. According to the weekly USDA National Agricultural Statistics Service crop progress report, the state’s cotton crop is in mostly fair to poor condition with, 87 percent of the acreage setting bolls and bolls opening on 15 percent, both ahead of normal. Corn was rated in mostly good to fair condition with 61 percent of the crop mature, compared to 57 percent on average. Grain sorghum was 65 percent headed, ahead of the normal 58 percent, and the crop is rated in mostly good to fair condition. Rice harvest advanced to 62 percent complete, well ahead of the 35-percent average for this date. The crop is reported in mostly good to excellent condition. Pasture and hay conditions varied across the state depending on rainfall. Statewide, pasture conditions declined somewhat with 14 percent of the acreage now rated in good to excellent condition; 55 percent rated poor to very poor; and 31 percent rated in fair condition.
Texas Cash Markets for the week ending Aug. 11:
•Feeder steers, $147.45/cwt
•Fed cattle, $119.14/cwt
•Slaughter lambs, $100/cwt
•Slaughter goats, $155/cwt
Futures markets: •Feeder cattle, $139.47/cwt
•Fed cattle, $120.60/cwt
•Lumber, $303.20/1000 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
Bermuda grass stem maggot spreads in Texas (July 29, 2015)
Floresville FFA members receive degrees, Walrath scholarship (July 29, 2015)
Hay & Forage Report (July 29, 2015)
Livestock Market Reports (July 29, 2015)
Roses suffer from heat (July 29, 2015)
Senate, House spending bills signal support for industry (July 29, 2015)
TDA Market Report (July 29, 2015)
Texas farmer to lead corn group (July 29, 2015)
Time to prepare for hurricane season (July 29, 2015)
‘Where Does Our Food Come From?’ (July 29, 2015)
Crow is 15th in the nation (July 22, 2015)
Have you seen a Texas horned lizard? (July 22, 2015)
Hay & Forage Report (July 22, 2015)
Landscaping picks (July 22, 2015)
Livestock Market Reports (July 22, 2015)
Offices issue receipts (July 22, 2015)
Recent rains — fewer grasshoppers! (July 22, 2015)
Stallman announces departure in January (July 22, 2015)
TDA Market Report (July 22, 2015)
Benefits of the Chinese pistache (July 15, 2015)
Cattle market outlook, trends short course (July 15, 2015)
Conservation assistance online for landowners, users (July 15, 2015)
Crouch Memorial Bull Riding is July 25 (July 15, 2015)
Hay & Forage Report (July 15, 2015)
Livestock Market Reports (July 15, 2015)
Mischief-maker transforms into equine world champion (July 15, 2015)
TDA Market (July 15, 2015)
Wardens investigate alligator attack (July 15, 2015)
Ag-Pro continues John Deere tradition (July 8, 2015)
Cattlemen, Floresville FFA unite (July 8, 2015)
Hay & Forage Report (July 8, 2015)
Livestock Market Reports (July 8, 2015)
Locals attend conference (July 8, 2015)
Much of peach crop excellent quality, quantity (July 8, 2015)
Nomination period open for farm committee (July 8, 2015)
TDA Market Report (July 8, 2015)
Things farmers do when it rains (July 8, 2015)
Two-part water conservation landscaping workshop in SA (July 8, 2015)
U.S. cattle herd safety threatened by Brazilian beef importation? (July 8, 2015)
West Nile virus vaccine in horses (July 8, 2015)
Will new driveway affect live oak? (July 8, 2015)
Hay & Forage Report (July 1, 2015)
July 2015 Gardening Calendar (July 1, 2015)
Livestock Market Reports (July 1, 2015)
Native anaqua is a tasty treat for wildlife (July 1, 2015)
TDA Market Report (July 1, 2015)
Texas railway raises concerns on eminent domain (July 1, 2015)
Third time's a charm for Buck Taylor roping (July 1, 2015)