You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, Nov. 10
AUSTIN -- For the week ending Nov. 10, feeder cattle price trends reported by Texas auctions ranged from $5 higher to $5 lower per hundredweight (cwt) with a few head as much as $15 lower. Texas direct feeder cattle sales were steady. The Oklahoma City National Stockyards were firm to $3 higher on feeder cattle, but $2 to $5 lower on calves. The feeder cattle situation remains unchanged with shrinking supplies offset by high grain prices and negative cattle feeding margins. Fed cattle cash prices were $1 lower after wholesale beef values declined. Cotton prices were lower as large world supplies and weak demand continue to pressure the market. Wheat prices were higher for the week amid concerns about dry conditions on the U.S. Plains, but declined somewhat on Friday after the U.S. Department of Agriculture (USDA) reported higher projected U.S. and world ending stocks. Corn cash prices were unchanged for the week, but grain sorghum was higher. Weak export demand for U.S. corn was offset by tight domestic supplies and concerns about unfavorable weather in South America.
As for futures markets, fed cattle, wheat, and lumber were higher, but feeder cattle, cotton and corn were lower. One-half inch or more of rain fell in Northeast Texas, along parts of the upper coast and in the eastern Panhandle, but other areas received little or no rainfall. The weekly USDA National Agricultural Statistics Service crop progress report was not available as federal offices were closed in observance of Veterans Day.
Texas Cash Markets for the week ending Nov. 10:
•Feeder steers, $153.16/cwt
•Fed cattle, $125.92/cwt
•Slaughter lambs, $136/cwt
•Slaughter goats, $189/cwt
•Cabbage, $8.00/50 lbs
Futures markets: •Feeder cattle, $144.20/cwt
•Fed cattle, $125.75/cwt
•Lumber, $325.00/1000 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)