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Agriculture Today

Texas Cash Market recap, July 20




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July 31, 2013 | 2416 views | Post a comment

AUSTIN -- For the week ending July 20, feeder cattle prices reported by Texas auctions were mostly $3 lower to $4 higher per hundredweight (cwt) early in the week, and steady to $8 higher later in the week. Texas direct feeder cattle sales were unevenly steady. Prices at the Oklahoma City National Stockyards were steady to $2 lower on feeders, but steady to $4 higher on calves. Widespread rains slowed cattle movement resulting in very light receipts at many locations. Limited feeder cattle supplies, a dip in grain prices and prospects for improved pasture conditions supported the market. However, deeply negative cattle feeding margins continued to limit the gains. Fed cattle cash prices were steady, and wholesale beef prices were lower for choice-grade offerings and higher for select. . . .

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