2015

Posted 8 years 323 days ago by

Feeder cattle steady, with instances of $2 to $4 higher; futures higher.
Fed cattle cash trade inactive; formula trades higher; futures slightly lower; beef prices higher.
Cotton higher.
Grains and soybeans mostly higher.
Crude oil higher; natural gas higher.
Stock markets higher.

Texas feeder cattle auctions reported prices steady, with instances of $2 to $4 higher. Feeder cattle futures closed $0.95 higher at $224.85 per hundredweight (cwt). The Texas fed cattle cash trade was inactive. Wholesale boxed beef values were higher, with Choice grade rising to $249.47 per cwt and Select grade closing higher at $242.56 per cwt. Estimated cattle harvest to date this week totaled 224,000 head, on par with last week, but down 5,000 from a year ago. Year-to-date harvest is down 2.2%. Fed cattle futures settled $0.13 lower at $152.05 per cwt.

Cotton prices were higher on Tuesday with cash rising 1.25 cents, settling at 62.88 cents per pound and futures rising 1.22 cents, settling at 64.43 cents per pound.

Corn and grain sorghum prices were higher with corn cash and futures prices settling at $3.79 per bushel and $3.54 per bushel, respectively. Grain sorghum prices closed $0.10 higher at $6.68 per cwt. Soybean prices were $0.20 higher at $9.58 per bushel.

Wheat cash prices settled $0.02 lower at $4.62 per bushel and futures prices $0.02 lower to close at $5.07 per bushel.

Stock markets closed higher yesterday, as investors awaited news on Greece's bailout talks and on the outcome of the Federal Reserve’s two-day policy meeting. Crude oil prices gained $0.45 on news of an approaching tropical storm. Prices settled at $59.97 per barrel, reversing the previous day’s losses.

Daily Market Summary Data for 6/17/2015

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