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Agriculture & Outdoors


Texas Cash Market recap, May 11




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May 22, 2013 | 4,261 views | Post a comment

AUSTIN -- For the week ending May 11, feeder cattle prices reported by Texas auctions ranged from $10 lower to $5 higher per hundredweight (cwt) compared to the previous week. Texas direct feeder cattle sales were $3 to $7 lower and the Oklahoma City National Stockyards were steady to $4 lower. In many locations, heavier-weight cattle were on the lower end of the price spectrum. Lower fed cattle markets, lower feeder cattle futures, and continued negative cattle feeding margins pressured the market. However, tight supplies and improved pasture conditions in some areas were also supportive. Fed cattle cash prices were $2 lower. Choice wholesale beef prices hit a new record-high of $205.49 per cwt on Thursday and were up more than $3 per cwt for the week. Weekly beef exports fell to less than half the prior four-week average and cumulative sales for the year were nearly 10 percent behind last year’s pace.  . . .

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