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Jun
12
2015

Daily Market Summary Data for 6/12/2015

Posted 8 years 311 days ago by

  • Feeder cattle steady to $5 higher; futures lower.
  • Fed cattle cash trade inactive; formula trades sharply lower; futures lower; beef prices lower.
  • Cotton lower.
  • Grains and soybeans mostly lower.
  • Crude oil lower; natural gas lower.
  • Stock markets higher.

  

Texas feeder cattle auctions quoted prices steady to $5 higher. Feeder cattle futures were $0.53 lower, closing at $226.25 per hundredweight (cwt). The Texas fed cattle cash trade was inactive yesterday. Wholesale boxed beef values were lower, with Choice grade falling 0.47 and Select grade $0.07. Estimated cattle harvest for the week totaled 427,000 head, down 18,000 from last week’s total and 32,000 from a year ago. Year-to-date harvest is down 7%.

Cotton cash prices were 1.50 cents lower and futures prices were 1.36 cents lower. 

Corn and grain sorghum prices were mostly lower, with corn cash prices $0.01 lower and futures closing on par with the previous day’s prices. Soybean futures prices were $0.10 lower.

Wheat cash and futures prices were $0.07 and $0.08 lower, respectively, settling at $4.78 per bushel and $5.23 per bushel, respectively. 

Stock markets were higher at close yesterday on positive retail-sales data. Crude oil prices were $0.66 lower due in part to rising oil prices.

 

 

 

Daily Market Summary Data for 6/12/2015

                                                                                                                                              







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