2015

Posted 9 years 170 days ago by

Feeder cattle steady to lower; futures higher.

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

Cotton higher.

Grains and soybeans lower.

Crude oil higher; natural gas higher.

Stock markets higher.

Texas feeder cattle auctions quoted prices steady to lower. Feeder cattle futures closed $2.55 higher at $226.78 per hundredweight (cwt). The Texas fed cattle cash trade was inactive yesterday. Wholesale boxed beef values were mixed, with Choice grade rising $0.46 and Select grade falling $0.02, settling at $247.66 per cwt and $240.73 per cwt, respectively. Estimated cattle harvest through Wednesday totaled 315,000 head, down 20K from last week and 28K from a year ago. Year-to-date harvest is down 8.2%. Fed cattle futures were $0.72 higher than the previous day’s prices.

Cotton cash prices closed 0.25 cents higher than the previous day’s prices, closing at 63.38 cents per pound. Futures prices were 0.34 cents higher, settling at 64.89 cents per pound.

Corn and grain sorghum prices were lower, with corn cash and futures prices each settling $0.08 lower and closing at $3.82 per bushel and $3.57 per bushel, respectively. Grain sorghum cash prices also closed lower at $6.74 per cwt. Soybeans closed $0.02 lower, settling at $9.50 per bushel.

Wheat cash prices closed $0.68 lower to settle at $4.85 per bushel and futures lost $0.17 to close at $5.31 per bushel.

Stock markets were higher yesterday, with technology stocks posting the biggest session gains. Crude oil prices were $1.29 higher, settling at $61.43 per barrel. U.S. crude inventories saw their largest weekly drop since July 2014.

Daily Market Summary Data for 6/11/2015

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