Texas Daily Ag Market News Summary 6/05/15

Posted 9 years 176 days ago by

Feeder cattle steady to $3 to $8 higher; futures higher.

Fed cattle cash trade inactive; formula trades higher; futures higher; beef prices mixed.

Cotton steady to lower.

Grains and soybeans mostly higher.

Crude oil lower; natural gas lower.

Stock markets lower.

Texas feeder cattle auctions quoted prices steady to $4 to $8 higher. Feeder cattle futures were $0.68 higher, closing at $222.58 per hundredweight (cwt). The Texas fed cattle cash trade was inactive yesterday. Wholesale boxed beef values were mixed, with Choice grade falling 0.80 and Select grade gaining $0.71. Estimated cattle harvest for the week totaled 445,000 head, up 95,000 from last week’s total, but down 23,000 from a year ago. Year-to-date harvest is down 4.9%.

Cotton cash prices were steady and futures prices were 0.12 cents lower.

Corn and grain sorghum prices were mixed, with corn cash and futures closing $0.04 and $0.05 higher, respectively. Soybean futures prices were $0.12 lower.

Wheat cash and futures prices each settled $0.12 higher at $4.96 per bushel and $5.41 per bushel, respectively.

Stock markets were lower at close yesterday on little news. Crude oil prices were $1.64 lower ahead of the end-of-week OPEC meeting.

Daily Market Summary Data for 6/5/2015

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