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Wednesday, Jun 19, 2013
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Agriculture Today

Texas Cash Market recap, Feb. 2




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February 13, 2013 | 799 views | Post a comment

AUSTIN -- For the week ending Feb. 2, feeder cattle prices reported by Texas auctions were mostly steady to $8 higher, though some were as much as $7 lower and a few were $10 higher per hundredweight (cwt) compared to the previous week. Texas direct feeder cattle sales were firm to $3 higher and the Oklahoma City National Stockyards were mostly steady to $4 higher. Fed cattle cash prices were $3 higher per cwt, but wholesale beef prices were lower. Tight supplies, rain in some areas, a supportive U.S. Department of Agriculture (USDA) Cattle on Feed report and news that Japan will ease its restrictions on U.S. beef imports helped boost cattle markets. Cotton prices were again higher due to strong export sales and predictions of sharply lower U.S. cotton plantings in 2013. Wheat prices were lower due to weak exports and rain in parts of the U.S. winter wheat area. Corn prices were higher on tight domestic supplies. Export sales were weak, but higher than expected.  . . .

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