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Agriculture Today

Texas Cash Market recap, March 2




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March 13, 2013 | 3504 views | Post a comment

AUSTIN -- For the week ending March 2, feeder cattle prices reported by Texas auctions were mostly steady to $5 lower per hundredweight (cwt), though some locations saw prices as much as $7 higher, especially later in the week. Texas direct feeder cattle sales were steady to $2 lower. The Oklahoma City National Stockyards were sharply lower because of blizzard conditions in the area. Fed cattle cash prices were up $5 per cwt from the prior week after a winter storm on the U.S. Plains limited cattle supplies and pushed beef prices higher. Cotton prices were higher as strong exports and projections for lower plantings this year continued to support the market. Wheat and corn were higher on better-than-expected exports.  . . .

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