Friday, December 9, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, June 22
AUSTIN -- For the week ending June 22, feeder cattle prices reported by Texas auctions were $4 lower to $5 higher per hundredweight (cwt) compared to the previous week, with markets becoming a little stronger as the week progressed. Texas direct feeder cattle sales were steady to $3 higher, and prices at the Oklahoma City National Stockyards were up $1 to $3. Shrinking feeder cattle supplies, higher feeder cattle futures, improved pasture conditions in some areas and high beef prices helped push the market higher, while ongoing negative cattle feeding margins limited the increase. Fed cattle cash prices were unchanged from a week ago with very light trading taking place. Wholesale beef prices were near unchanged for choice-grade cuts, but higher for select-grade offerings. . . .
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