TDA Market Report
AUSTIN -- For the week ending July 19, Texas auctions quoted feeder cattle prices mostly steady to $6 lower per hundredweight (cwt), with a few as much as $12 lower and some steady to $6 higher. Texas direct feeder cattle sales were weak to $8 lower. Fed cattle cash prices were less than 50 cents lower per cwt.
The Texas cotton crop was rated in mostly fair to good condition with an overall condition index of 64 points, up 12 points from last year. Crop development is slightly behind the normal pace.
Corn and grain sorghum prices were lower as conditions remain favorable for large production this year. In Texas, the corn crop is rated in mostly good to fair condition with an overall rating index of 82 points, compared to 73 points last year. Grain sorghum is 15 percent harvested.
Texas Cash Markets for the week ending July 19:
•Feeder steers, $204.89/cwt
•Fed cattle, $155/cwt
•Slaughter lambs, $160/cwt
•Slaughter goats, $221/cwt
•Grain sorghum, $6.42/cwt
•Feeder cattle, $211.65/cwt
•Fed cattle, $151.62/cwt
•Lumber, $380.30/1000 bd ft.
All cash prices above are market averages for locations covered by the U.S. Department of Agriculture Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for Texas direct sales of 650-850 pound medium and large No.1 steers for current delivery. Futures prices are quoted for the nearest month contract on the last trading day of the week. Timber prices are from the Texas A&M Forest Service, bimonthly “Texas Timber Price Trends.” For additional information, contact the Texas Department of Agriculture at 800-835-5832 or visit www.TexasAgriculture.gov.