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Agriculture Today

Texas Cash Market recap, Aug. 17




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August 28, 2013 | 2487 views | Post a comment

AUSTIN -- For the week ending Aug. 17, feeder cattle prices reported by Texas auctions were steady to $7 higher per hundredweight (cwt). Texas direct feeder cattle sales were steady to $3 higher, and the Oklahoma City National Stockyards were $3 to $5 higher. The likelihood of lower grain prices this fall, along with higher fed cattle and beef prices supported the market. Fed cattle cash prices were $2 higher per cwt, and wholesale beef prices were higher. Beef export sales were up 43 percent from the previous week and one percent higher than the prior four-week average. Weekly shipments were the highest for any one week so far this year, but cumulative shipments are still down 17.5 percent from the same period a year ago.  . . .

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