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TDA Market Report
AUSTIN -- For the week ending Aug. 9, feeder cattle price trends reported by Texas auctions were mixed. Many locations quoted steady prices, with some $2 to $10 higher and others $2 to $5 lower per hundredweight (cwt). Texas direct feeder cattle sales were mostly $2 to $4 higher. Fed cattle cash prices were nearly $3 lower per cwt. Wholesale beef values were $3 to $5 lower than the previous week’s record highs.
Corn and grain sorghum prices were slightly higher after a modest decline in crop conditions and higher export shipments. In Texas, 63 percent of the corn crop was rated in good to excellent condition, up two points from a week ago. Both U.S. and Texas grain sorghum were rated in mostly good to fair condition, with 39 percent of the Texas crop harvested.
Texas Cash Markets for the week ending Aug. 9:
•Feeder steers, $218.12/cwt
•Fed cattle, $159.33/cwt
•Slaughter lambs, $160.50/cwt
•Slaughter goats, $211/cwt
•Grain sorghum, $6.17/cwt
•Feeder cattle, $215.32/cwt
•Fed cattle, $152.55/cwt
•Lumber, $344.90/1000 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.
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