Jul 22 2015

Texas Daily Ag Market News Summary 7/22/15 Posted 9 years 129 days ago by

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

 

 

 

Texas feeder cattle auctions reported prices steady to $5 lower. Feeder cattle futures closed $3.26 lower at $213.08 per hundredweight (cwt). The Texas fed cattle cash trade was inactive. Wholesale boxed beef values were lower, with Choice grade dropping to $233.32 per cwt and Select grade closing lower at $230.01 per cwt. Estimated cattle harvest to date this week totaled 223,000 head, up 5,000 from last week and down 5,000 from a year ago. Year-to-date harvest is down 2.2%. Fed cattle futures settled $1.60 lower at $145.15 per cwt.

Cotton prices were lower on Tuesday with cash losing 0.25 cents, settling at 60.88 cents per pound and futures losing 0.45 cents, settling at 65.40 cents per pound.

Corn and grain sorghum prices were higher, with corn cash and futures prices both gaining $0.02, settling at $4.32 per bushel and $4.07 per bushel, respectively. Grain sorghum prices closed $0.03 higher at $7.44 per cwt. Soybean futures prices were $0.11 higher, closing at $10.19 per bushel.

Wheat cash prices lost $0.07 and futures prices lost $0.08, settling at $4.63 per bushel and $5.18 per bushel, respectively.

Stock markets closed lower yesterday, weighed down by a 181 point decrease in the Dow Jones Industrial Average. Crude oil prices gained $0.21 to close at $50.36 per barrel, in response to both a weaker dollar and expectations of a decline in crude stockpiles.

Daily Market Summary Data for 7/22/2015

                                                                                                                                              
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