Texas Daily Ag Market News Summary 4/22/15

Posted 9 years 220 days ago by

Feeder cattle $5 lower to $4 higher; futures higher.

Fed cattle cash trade inactive; formula trades higher; futures higher; beef prices mixed.
Cotton lower.
Grains and soybeans mostly lower.
Crude oil lower; natural gas higher.
Stock markets lower.

The Texas fed cattle cash trade was inactive on Tuesday. Wholesale boxed beef values were mixed, with Choice grade up to $259.82 per hundredweight (cwt) and Select grade down to $249.55 per cwt. Estimated cattle harvest to date this week totaled 220,000 head, on par with last week, but up 1,000 from a year ago. Year-to-date harvest is up 0.5%. Fed cattle futures were higher, finally posting gains after two sessions of sharp losses.

Cotton prices were lower on Tuesday with cash falling 0.50 cents and futures 0.41 cents to settle at 60.63 cents per pound and 63.04 cents per pound, respectively.

Corn and grain sorghum prices were lower with corn cash and futures prices $0.04 and $0.05 lower, respectively. Grain sorghum prices closed $0.07 lower at $6.94 per cwt. Soybean prices were $0.03 lower at $9.75 per bushel.

Wheat cash prices fell $0.01, but futures prices rose $0.01, settling at $4.77 and $5.14 per bushel, respectively.

Stock markets closed lower yesterday, with earnings reports on the minds of traders and investors. Crude oil prices fell $1.120 to settle at $55.26 per barrel. U.S. energy supply information is due to be released today.

Daily Market Summary Data for 4/22/2015

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