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Agriculture Today

TDA market recap: Feb. 8




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February 19, 2014 | 1511 views | Post a comment

AUSTIN -- For the week ending Feb. 8, Texas feeder cattle auctions reported prices $4 lower to $7 higher per hundredweight (cwt). Many locations had very light receipts due to cold temperatures and icy roads that limited cattle movement. Texas direct feeder cattle prices were $2 to $4 lower. Fed cattle cash prices declined $3.60 per cwt in very light trade, with only 228 head confirmed by the U.S. Department of Agriculture (USDA) at $141. Wholesale beef values were sharply lower, with Choice-grade offerings down $22.72 (10 percent) for the week as retailers caught up on purchases and returned to more normal buying patterns. Those lower prices also pulled fed cattle and feeders lower. However, prices across the cattle sector remain at historically high levels as tight supplies continue to support the market.  . . .

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