Saturday, December 10, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
Texas Cash Market recap, Jan. 26
AUSTIN -- For the week ending Jan. 26, feeder cattle prices reported by Texas auctions were $8 lower to $8 higher per hundredweight (cwt) compared to the previous week. Texas direct feeder cattle sales were $1 to $6 lower and the Oklahoma City National Stockyards were steady to $5 lower. Lower fed cattle prices and continued high feed costs pressured the feeder market. Fed cattle cash prices were $2.50 lower per cwt and wholesale beef prices were lower as Cargill’s Jan. 17 announcement that it will idle its Plainview, Texas, cattle-processing plant continued to impact markets. Cotton prices were higher amid strong export sales and predictions of sharply lower U.S. cotton plantings in 2013. Wheat prices followed other grains lower in spite of improved exports sales and ongoing drought in U.S. winter wheat areas. Corn prices were lower due to weak export sales. However, tight domestic supplies limited the decline. . . .
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Agriculture & Outdoors Archives
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