Friday, March 6, 2015
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, June 8
AUSTIN -- For the week ending June 8, feeder cattle prices reported by Texas auctions ranged from $2 lower to $5 higher per hundredweight (cwt) compared to the previous week, with a few locations as much as $8 higher. Texas direct feeder cattle sales were steady at $4 higher, and prices at the Oklahoma City National Stockyards were up $3 to $6 from the previous sale. Negative cattle feeding margins, lower feeder cattle futures, and lower beef prices pressured the market, while tight supplies and improved pasture conditions in some areas remained supportive. Fed cattle cash prices were down $2 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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