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Agriculture Today

Texas Cash Market recap, July 13




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July 24, 2013 | 2915 views | Post a comment

AUSTIN -- For the week ending July 13, feeder cattle prices reported by Texas auctions were mostly steady to as much as $8 higher per hundredweight (cwt) through July 11, though some weakness was noted on lighter-weight calves. Between July 12-13, prices were reported steady to $5 lower as larger sale volumes allowed buyers to be more selective. Texas direct feeder cattle sales were $1 to $5 higher, and prices at the Oklahoma City National Stockyards were steady to $5 higher. Prices were supported by the limited feeder cattle supplies and prospects for cheaper feed grains once this year’s crop begins to come in. However, deeply negative cattle feeding margins and dry pastures in many areas continued to limit the gains. Fed cattle cash prices were steady at $119 per cwt, and wholesale beef prices were lower.  . . .

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