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Agriculture Today

Texas Cash Market recap, April 27




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May 8, 2013 | 2839 views | Post a comment

AUSTIN -- For the week ending April 27, feeder cattle prices reported by Texas auctions were mostly steady to $8 lower per hundredweight (cwt) early in the week, but were mostly steady to $8 higher later. Texas direct feeder cattle sales were unevenly steady on steers and $1 to $2 lower on heifers. The Oklahoma City National Stockyards were steady to $3 higher. Higher fed cattle values, lower feed grain prices, and improved pasture conditions in some areas boosted the feeder cattle market, but ongoing negative cattle feeding margins limited the increase. Fed cattle cash prices were $2 higher and wholesale beef values were $1 to $2 higher. Weekly beef export sales were higher than the prior four-week average, with cumulative sales for the year down 6 percent from a year ago.  . . .

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