Thursday, December 8, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Sept. 8
AUSTIN --For the week ending Sept. 8, feeder cattle prices at Texas auctions were mostly steady to $4 higher per hundredweight (cwt) with a few as much as $10 higher, while some were $6 lower on at least a portion of their offerings. Texas direct feeder cattle sales were mostly steady. The Oklahoma City National Stockyards were closed for the Labor Day holiday. The feeder cattle situation remains unchanged with tight supplies offset by high grain prices and negative cattle feeding margins. The fed cattle cash trade was $1 higher in very light trade, and wholesale beef prices were $1 to $2 higher. Cotton prices were lower after China auctioned some of its cotton reserves and reports that indicated Hurricane Isaac did not damage the cotton crop as much as expected. Wheat prices increased on prospects for increased U.S. exports. Corn and grain sorghum prices were lower due to increasing harvest-time supplies, weak export demand, and competition from cheaper South American corn. . . .
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