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Agriculture Today

Texas Cash Market recap, March 16




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March 27, 2013 | 3227 views | Post a comment

AUSTIN -- For the week ending March 16, feeder cattle price trends reported by Texas auctions varied from $5 lower per hundredweight (cwt) to $5 higher. Texas direct feeder cattle sales were $1 to $4 lower. The Oklahoma City National Stockyards were mostly $1 to $4 lower. Negative cattle feeding margins and high feed prices continue to pressure prices. Fed cattle cash prices were $1 lower than the prior week. Wholesale beef values declined late in the week, which contributed to the weakness in the cattle market. Cotton prices continued to trend higher and received an added push on Friday after China doubled its import quotas. Wheat prices were higher on better-than-expected exports, though the increase was limited by reports of improved moisture conditions in major U.S. growing areas.  . . .

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