You’ve been granted free access to this subscribers only article.
TDA Market Report
AUSTIN -- For the week ending Aug. 16, feeder cattle prices quoted by Texas auctions were mostly steady to $12 lower per hundredweight (cwt), with a few steady to $5 higher on a portion of their offerings. Texas direct feeder cattle sales were $3 to $10 lower. Fed cattle cash prices were nearly $5 lower per cwt on a very light trade volume.
Cotton prices were lower after the U.S. Department of Agriculture (USDA) production forecast and projected end of year stocks came in higher than expected. The resulting stocks-to-use ratio is the highest in 7 years.
Corn and grain sorghum prices were higher after USDA production and stocks data came in at or below expectations. Even so, weather conditions still favor a large crop, with corn production expected to reach a record high 14.0 billion bushels.
Texas Cash Markets for the week ending Aug. 16:
•Feeder steers, $211.54/cwt
•Fed cattle, $154.57/cwt
•Slaughter lambs, $162/cwt
•Slaughter goats, $210/cwt
•Grain sorghum, $6.41/cwt
•Pine Saw Logs, $204.81/1000 bd. ft.
•Pine Pulpwood, $8.52/ton
•Feeder cattle, $217.22/cwt
•Fed cattle, $150.60/cwt
•Lumber, $345.40/1000 bd ft.
All cash prices above are market averages for locations covered by the USDA 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.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
County committee nomination period begins (June 22, 2016)
Hartmann takes the steer by the horns to win state championship (June 22, 2016)
La Vernia FFA wraps up school year with honors, scholarships (June 22, 2016)
Livestock Market Reports (June 22, 2016)
Root rot knocks out roses (June 22, 2016)
TDA Market Recap (June 22, 2016)
Texas Hay Report (June 22, 2016)
A student’s ag-related journey (June 15, 2016)
Family Land Heritage news (June 15, 2016)
Five dirty truths on agriculture (June 15, 2016)
Horseherb galloping through yards (June 15, 2016)
Kristin Storey: South Texas queen to compete for national title (June 15, 2016)
Livestock Market Reports (June 15, 2016)
Miller announces assistance for farmers devastated by floods (June 15, 2016)
No “rain, rain, go away” as precipitation persists (June 15, 2016)
Schwartz takes lead as Texas state veterinarian (June 15, 2016)
TDA Market Recap (June 15, 2016)
Texas Hay Report (June 15, 2016)
Texas Rural Leadership Program (June 15, 2016)
It’s almost rodeo time in Stockdale (June 8, 2016)
Livestock Market Reports (June 8, 2016)
Save seed pods for next fall (June 8, 2016)
TDA Market Recap (June 8, 2016)
Texas Hay Report (June 8, 2016)
Big Time Texas Hunts entries now on sale (June 1, 2016)
Burbridge leads the way in Buck Taylor roping event (June 1, 2016)
Farm Bureau solicits AgLead, FarmLead participants (June 1, 2016)
June 2016 Gardening Calendar (June 1, 2016)
Livestock Market Reports (June 1, 2016)
Save squash from vine borers (June 1, 2016)
State Farm Bureau testifies on agricultural use valuation (June 1, 2016)
TDA Market Recap (June 1, 2016)
Texas Hay Report (June 1, 2016)