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Agriculture Today

Texas Cash Market recap, June 15




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June 26, 2013 | 2918 views | Post a comment

AUSTIN -- For the week ending June 15, feeder cattle prices reported by Texas auctions were $4 lower to $5 higher per hundredweight (cwt) compared to the previous week with a few locations as much as $7 higher. Texas direct feeder cattle sales were firm to $4 higher, and prices at the Oklahoma City National Stockyards were up $1 to $3. As in past weeks, 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, with choice-grade cuts falling below $200 per cwt for the first time since late April.  . . .

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