Texas Daily Ag Market News Summary 5/20/15

Posted 9 years 192 days ago by

Feeder cattle steady to $3 higher; futures higher.
Fed cattle cash trade inactive; formula trades higher; futures higher; beef prices higher.
Cotton lower.
Grains and soybeans lower.
Crude oil lower; natural gas lower.
Stock markets mixed.

The Texas fed cattle cash trade was inactive on Tuesday. Wholesale boxed beef values were higher, with Choice grade up to $262.92 per hundredweight (cwt) and Select grade up to $251.03 per cwt. Estimated cattle harvest to date this week totaled 228,000 head, up 1,000 from last week, but down 9,000 from a year ago. Year-to-date harvest is down 3.8%. Fed cattle futures settled $0.40 higher at $151.98 per cwt.

Cotton prices were lower on Tuesday with cash falling 0.50 cents to 62.63 cents per pound and futures falling 0.57 cents to settle at 64.35 cents per pound.

Corn and grain sorghum prices were lower with corn cash and futures each closing $0.06 lower at $3.87 per bushel and $3.62 per bushel, respectively. Grain sorghum prices closed $0.20 lower at $6.82 per cwt. Soybean prices were $0.09 lower at $9.46 per bushel.

Wheat cash and futures prices each lost $0.15 to close at $4.95 and $5.40 per bushel, respectively.

Stock markets closed mixed yesterday, as investors demonstrated caution when choosing to put more money into stocks. Crude oil prices fell $2.170 to settle at $57.26 per barrel, sliding lower for the fifth-straight session.

Daily Market Summary Data for 5/20/2015

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