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Agriculture Today

Texas Cash Market recap, June 29




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July 10, 2013 | 3183 views | Post a comment

AUSTIN -- For the week ending June 29, feeder cattle prices reported by Texas auctions were mostly steady to $5 higher per hundredweight (cwt) compared to the previous week. However, a few were as much as $8 higher on a portion of their offerings, and some were $3 lower on fleshy calves and plainer feeder cattle. Texas direct feeder cattle sales were steady to $4 higher, and prices at the Oklahoma City National Stockyards were up $1 to $4. 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. Wholesale beef prices were lower for choice cuts, but higher for select-grade offerings.  . . .

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