Friday, December 9, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Aug. 31
AUSTIN -- For the week ending Aug. 31, feeder cattle prices reported by Texas auctions were $5 lower to $6 higher per hundredweight (cwt) compared to the previous week. Texas direct feeder cattle sales were mostly steady, and the Oklahoma City National Stockyards were steady to $3 lower. Fluctuations in grain markets spilled over into the feeder market. Both commodities are major sources of input costs for cattle feeders, so when one goes up, the other tends to go down. However, tight feeder cattle supplies from a smaller cowherd continue to support the market, pushing prices higher at some locations and at least limiting the declines at others. Wholesale beef prices were lower. Weekly beef export sales were up 45 percent from the previous week and nearly double the prior four-week average. . . .
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