You’ve been granted free access to this subscribers only article.
Texas Cash Market recap, Aug. 10
AUSTIN -- For the week ending Aug. 10, feeder cattle prices reported by Texas auctions were steady to $7 higher per hundredweight (cwt). Texas direct feeder cattle sales were steady to $4 higher. The Oklahoma City National Stockyards were $1 to $3 higher. Improved pasture conditions in some areas and prospects for lower grain prices this fall once again supported prices, especially for lighter-weight cattle. Fed cattle cash prices were $2 higher per cwt. Wholesale beef prices were higher.
Cotton prices were higher for the week after China said it would continue buying its surplus domestic production at prices well above world averages. Concerns about hot, dry conditions in much of Texas and excess moisture in parts of the southeastern United States also added to the increase. Cotton export shipments ended the marketing year 11 percent higher than the previous year, but 226,000 bales short of U.S. Department of Agriculture (USDA) projections. Wheat prices were lower, primarily due to weak export demand and higher production estimates from France and Romania. Brazil and China remain steady customers for U.S. wheat, but most other importers are tapping into cheaper supplies from Australia, Western Europe, and the Black Sea region. Weekly wheat export sales were up 22 percent from the previous week, but down 22 percent from the prior four-week average. Corn prices were again lower as favorable weather in the Corn Belt continues to improve the prospects for a large 2013 crop. Corn export sales were more than double the previous week and 16 percent above the average.
As for futures markets, feeder cattle, fed cattle, cotton, and lumber were higher, but wheat and corn were lower. Scattered locations statewide received one-half inch or more of rain during the week, with the heaviest totals in the upper Panhandle and parts of West Texas.
Texas Cash Markets for the week ending Aug. 10:
•Feeder steers, $163.88/cwt
•Fed cattle, $120.97/cwt
•Slaughter lambs, $91.00/cwt
Futures markets: •Feeder cattle, $153.85/cwt
•Fed cattle, $122.50/cwt
•Lumber, $308.50/1000 bd ft.
The cash prices above are market averages for locations covered by the USDA Market News program and do not reflect any particular sale at any specific location.
Feeder cattle prices are for 500-600 pound medium and large No. 1 steers at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week.
For more information, contact the Texas Department of Agriculture at 1-800-835-5832 or visit the website, http://www.TexasAgriculture.gov.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
Customs intercepts pest new to the United States (May 25, 2016)
Does wounded tree have a chance? (May 25, 2016)
Livestock Market Reports (May 25, 2016)
Mother Nature whips Wilson County crops (May 25, 2016)
Scrapie confirmed in Texas (May 25, 2016)
TDA Market Recap (May 25, 2016)
Texas Hay Report (May 25, 2016)
Beef cattle seven-year decline ends (May 18, 2016)
Educational video for water well owners (May 18, 2016)
Free Beef Quality Assurance training set for May 25 (May 18, 2016)
Fretwell wins Region 8 high school all around rookie saddle (May 18, 2016)
Grant to restore, enhance the monarch butterfly habitat (May 18, 2016)
Grass-fed beef conference (May 18, 2016)
Gun safety and barbecue in New Braunfels (May 18, 2016)
La Vernia Poultry Judging wins state, advances to nationals (May 18, 2016)
Lawn, landscape, rainwater program May 21 in Floresville (May 18, 2016)
Lesser prairie chicken off the list (May 18, 2016)
Livestock Market Reports (May 18, 2016)
Luling Foundation Field Day (May 18, 2016)
Protecting your tomatoes (May 18, 2016)
TDA Market Recap (May 18, 2016)
Texas Hay Report (May 18, 2016)
As El Nińo fades, expect warmer, drier weather says Texas A&M expert (May 11, 2016)
Floresville team wins second at state (May 11, 2016)
Livestock Market Reports (May 11, 2016)
Llamas, load up! (May 11, 2016)
TDA Market Recap (May 11, 2016)
Texas Hay Report (May 11, 2016)
Transplanting mountain laurels (May 11, 2016)
2016 La Vernia Junior Livestock & Poultry Show (May 4, 2016)
Beef, forage symposium May 10 (May 4, 2016)
Cattle raisers’ crime watch (May 4, 2016)
Corn acreage increases in Texas (May 4, 2016)
Help controlling the weeds (May 4, 2016)
Krueger leads the way at La Vernia stock show (May 4, 2016)
Land Heritage nomination deadline nears (May 4, 2016)
Livestock Market Reports (May 4, 2016)
TDA Market Recap (May 4, 2016)
Texas Hay Report (May 4, 2016)
May 2016 Gardening Calendar (May 1, 2016)