You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, March 30
AUSTIN -- For the week ending March 30, feeder cattle price trends reported by Texas auctions were $4 lower to $6 higher per hundredweight (cwt). Texas direct feeder cattle sales were steady to $7 higher and the Oklahoma City National Stockyards were steady to $3 higher. Feeder prices got a boost early in the week from a favorable U.S. Department of Agriculture (USDA) Cattle on Feed report, but sagged mid-week due to ongoing deeply negative cattle feeding margins. Then, later in the week, the feeder cattle market pushed higher in response to higher fed cattle prices, higher cattle futures and sharply lower grain prices. Fed cattle cash prices were $1.50 higher, but wholesale beef values were lower. Weekly beef export sales were higher than expected and higher than the prior four-week average. Cotton prices were higher on reports that China will continue buying cotton even as it releases substantial quantities of its cotton reserves. Weekly export sales came in higher than the previous week, but lower than the prior four-week average. Wheat prices were lower because of improved moisture conditions on the U.S. Plains and a USDA report showing higher-than-expected wheat stocks on hand. Corn prices were higher early in the week due to increased ethanol production and possible planting delays in the Midwest. However, prices fell after USDA reported higher-than-expected corn stocks on hand and that U.S. farmers intend to plant the largest corn acreage since 1936.
As for futures markets, feeder cattle, fed cattle, cotton, and lumber were higher, but wheat and corn were lower. Much of the state north and east of a line from Kingsville to Del Rio to Amarillo recorded rainfall during the week, with totals of an inch or more reported in parts of East and North Texas.
Texas Cash Markets for the week ending March 30:
•Feeder steers, $159.65/cwt
•Fed cattle, $126.11/cwt
•Slaughter lambs, $97.50/cwt
•Slaughter goats, $180/cwt
•Onions, $16.00/40 lbs
•Feeder cattle, $135.52/cwt
•Fed cattle, $128.90/cwt
•Lumber, $391.20/1000 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
Bull Classic Dec. 5 (November 25, 2015)
Davidson: Reduce antibiotic use, dispel beef myths (November 25, 2015)
EPA proposes changes to pesticide applicator rules (November 25, 2015)
Farm Bureau responds to beef cancer claims (November 25, 2015)
Hay & Forage Report (November 25, 2015)
Livestock disaster funding available (November 25, 2015)
Livestock Market Reports (November 25, 2015)
Llama competitors shine in state, national shows (November 25, 2015)
Plan to attend grazing lands conference (November 25, 2015)
Plant cool weather veggies (November 25, 2015)
Rancher’s Choice bull sale Dec. 5 (November 25, 2015)
Skills team places sixth (November 25, 2015)
TPWD announces annual trout stocking (November 25, 2015)
All Breed Bull Sale Nov. 21 in Nixon (November 18, 2015)
Clean Water Rule continues to make waves in Congress (November 18, 2015)
Conservation Service: Tips for planting winter pastures (November 18, 2015)
County committee elections begin (November 18, 2015)
Hay & Forage Report (November 18, 2015)
Here’s the beef: Patterson wins FFA national title (November 18, 2015)
Livestock Market Reports (November 18, 2015)
Moczygemba: Angus group CEO (November 18, 2015)
Onion recommendations (November 18, 2015)
A river runs through it: River changes spark border dispute (November 11, 2015)
Cold-sensitive oriental hibiscus (November 11, 2015)
Gov. Abbott: EPA’s Clean Power Plan is ‘power grab’ (November 11, 2015)
Hay & Forage Report (November 11, 2015)
Knowles winner of mule deer hunt package (November 11, 2015)
Letter: A war on Texas: Bureau of Land Management vs. Texas ranchers (November 11, 2015)
Livestock Market Reports (November 11, 2015)
Palo Alto College hosts FFA leadership conference (November 11, 2015)
Rodeo athletes place in Hallettsville contest (November 11, 2015)
‘Old Iron’ club show canceled! (November 11, 2015)
Antique Farm Equipment Demonstration and Field Day, Nov. 14 (November 4, 2015)
Cattlemen’s seminar Nov. 14 in Kosciusko (November 4, 2015)
Hay & Forage Report (November 4, 2015)
Impacts of rural land loss (November 4, 2015)
Livestock Market Reports (November 4, 2015)
Rain can be blessing, curse for farmers (November 4, 2015)
Ranch Rodeo fun in Nixon (November 4, 2015)
Ranching event set for Nov. 11 in Panna Maria (November 4, 2015)
Tips for spraying broccoli, cabbage (November 4, 2015)
Wet winter, spring is good news for hunters (November 4, 2015)
November 2015 Gardening Calendar (November 1, 2015)