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Agriculture Today

Texas Cash Market recap, June 1




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June 12, 2013 | 2908 views | Post a comment

AUSTIN -- For the week ending June 1, feeder cattle prices reported by Texas auctions ranged from $4 lower to $6 higher per hundredweight (cwt) compared to the previous week, with a few locations as much as $10 higher on a portion of their offerings. Texas direct feeder cattle sales were mostly steady with a few head $2 higher. Negative cattle feeding margins and lower feeder cattle futures continued to pressure the market, while tight supplies, higher beef prices, and improved pasture conditions in some areas remained supportive. Fed cattle cash prices were unchanged from a week ago. Wholesale beef prices were lower for the week, but remain at historically high levels above $200 per cwt. . . .

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