Texas Daily Ag Market News Summary 7/15/15

Posted 9 years 136 days ago by

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

Texas feeder cattle auctions reported prices steady to $3 lower. Feeder cattle futures closed $3.08 higher at $214.30 per hundredweight (cwt). The Texas fed cattle cash trade was inactive. Wholesale boxed beef values were higher, with Choice grade rising to $236.04 per cwt and Select grade closing higher at $233.96 per cwt. Estimated cattle harvest to date this week totaled 218,000 head, up 4,000 from last week and down 13,000 from a year ago. Year-to-date harvest is down 5.6%. Fed cattle futures settled $0.55 higher at $147.15 per cwt.

Cotton prices were higher on Tuesday with cash gaining 0.50 cents, settling at 61.38 cents per pound and futures gaining 0.44 cents, settling at 66.17 cents per pound.

Corn and grain sorghum prices were lower, with corn cash and futures prices settling at $4.51 per bushel and $4.24 per bushel, respectively. Grain sorghum prices closed $0.23 lower at $7.82 per cwt. Soybean futures prices were $0.06 lower, closing at $10.39 per bushel.

Wheat cash prices lost $0.05 and futures prices lost $0.08, settling at $5.06 per bushel and $5.50 per bushel, respectively.

Stock markets closed higher yesterday, with the Dow-Jones Industrial Average gaining 0.4% to pierce the 18,000 mark for the first time in three weeks. Crude oil prices gained $0.84 to close at $53.04 per barrel, amid news that an agreement on the Iranian nuclear deal had finally been reached.

Daily Market Summary Data for 7/15/2015

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