You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, April 27
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.
Cotton prices were lower because of weaker economic conditions in China, the world’s top cotton importer, and speculation that freeze-damaged wheat on the Texas Plains may be replanted to cotton. Weekly export sales were up from both the previous week and the prior four-week average, but shipments declined. Wheat prices were higher on concerns about additional freeze damage to the winter wheat crop. Wheat exports were much lower than the previous week and the prior four-week average and well below the weekly average needed to meet U.S. Department of Agriculture (USDA) marketing year projections. Corn prices declined on forecasts for better planting weather in the Midwest. Corn exports came in higher than the average needed to meet marketing year projections.
As for futures markets, feeder cattle, fed cattle, and wheat were higher, but cotton, corn, and lumber were lower. Much of the state south of I-10 recorded one-half inch or more of rainfall during the week, with the heaviest amounts falling southwest of Houston.
Texas Cash Markets for the week ending April 27:
•Feeder steers, $157.76/cwt
•Fed cattle, $127.79/cwt
•Slaughter lambs, $120/cwt
•Slaughter goats, $194/cwt
•Grain sorghum, $11.18/cwt •Wheat, $7.27/bu
•Onions, $11/40 lbs.
•Pine Saw Logs,
•Pine Pulpwood, $5.77/ton
•Feeder cattle, $141.80/cwt
•Fed cattle, $127.85/cwt
•Lumber, $353/MBF 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 the Texas Department of Agriculture 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
Crow is 15th in the nation (July 22, 2015)
Have you seen a Texas horned lizard? (July 22, 2015)
Hay & Forage Report (July 22, 2015)
Landscaping picks (July 22, 2015)
Livestock Market Reports (July 22, 2015)
Offices issue receipts (July 22, 2015)
Recent rains — fewer grasshoppers! (July 22, 2015)
Stallman announces departure in January (July 22, 2015)
TDA Market Report (July 22, 2015)
Benefits of the Chinese pistache (July 15, 2015)
Cattle market outlook, trends short course (July 15, 2015)
Conservation assistance online for landowners, users (July 15, 2015)
Crouch Memorial Bull Riding is July 25 (July 15, 2015)
Hay & Forage Report (July 15, 2015)
Livestock Market Reports (July 15, 2015)
Mischief-maker transforms into equine world champion (July 15, 2015)
TDA Market (July 15, 2015)
Wardens investigate alligator attack (July 15, 2015)
Ag-Pro continues John Deere tradition (July 8, 2015)
Cattlemen, Floresville FFA unite (July 8, 2015)
Hay & Forage Report (July 8, 2015)
Livestock Market Reports (July 8, 2015)
Locals attend conference (July 8, 2015)
Much of peach crop excellent quality, quantity (July 8, 2015)
Nomination period open for farm committee (July 8, 2015)
TDA Market Report (July 8, 2015)
Things farmers do when it rains (July 8, 2015)
Two-part water conservation landscaping workshop in SA (July 8, 2015)
U.S. cattle herd safety threatened by Brazilian beef importation? (July 8, 2015)
West Nile virus vaccine in horses (July 8, 2015)
Will new driveway affect live oak? (July 8, 2015)
Hay & Forage Report (July 1, 2015)
July 2015 Gardening Calendar (July 1, 2015)
Livestock Market Reports (July 1, 2015)
Native anaqua is a tasty treat for wildlife (July 1, 2015)
TDA Market Report (July 1, 2015)
Texas railway raises concerns on eminent domain (July 1, 2015)
Third time's a charm for Buck Taylor roping (July 1, 2015)