Saturday, December 10, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Sept. 29
AUSTIN -- For the week ending Sept. 29, feeder cattle prices reported by Texas auctions ranged from $6 lower to $6 higher per hundredweight (cwt) compared to a week earlier, with a few as much as $10 higher. Texas direct feeder cattle sales were steady to $2 higher early in the week, but sales came to a standstill later when bids declined. At the Oklahoma City National Stockyards, feeder cattle were steady to $2 higher, but calves were $2 to $4 lower. The feeder cattle situation remains unchanged with tight supplies offset by high grain prices and poor cattle feeding margins. Fed cattle cash prices were $3 lower per cwt in response to lower beef prices. Wheat and corn prices ended the week higher after the U.S. Department of Agriculture (USDA) released a bullish grain stocks report on Friday morning. Cotton prices were lower as large world supplies and a stronger dollar pressured the market. . . .
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