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Agriculture Today

Texas Cash Market recap, July 27




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August 7, 2013 | 2761 views | Post a comment

AUSTIN -- For the week ending July 27, feeder cattle prices reported by Texas auctions were steady to $6 higher per hundredweight (cwt) with a few locations reporting as much as $10 higher. Texas direct feeder cattle sales were steady to $2 higher. The Oklahoma City National Stockyards were steady to $3 lower on steers, but steady to $3 higher on heifers. Somewhat better pasture conditions following recent rains and prospects for lower grain prices this fall supported the markets, especially for lighter-weight cattle. However, deeply negative cattle feeding margins continued to limit the gains. Fed cattle cash prices were steady, and wholesale beef prices were lower.  . . .

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