Texas Daily Ag Market News Summary 8/10/15

Posted 9 years 110 days ago by

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

Texas feeder cattle auctions quoted prices steady to $5 higher. Feeder cattle futures closed $0.83 lower at $214.13 per hundredweight (cwt). The Texas fed cattle cash trade was inactive on Friday. Wholesale boxed beef values were higher, with Choice grade closing $1.15 higher at $236.34 per cwt and Select grade closing $1.75 higher at $230.14 per cwt. Estimated cattle harvest for the week totaled 535,000 head, up 3,000 from the previous week and down 38,000 from a year ago. Year-to-date harvest is down 6.6%. Fed cattle futures closed $0.15 lower at $149.58 per cwt.

Cotton prices were lower at the end of the week, with cash prices losing 0.75 cents to settle at 57.88 cents per pound, and futures prices losing 0.73 cents to settle at 62.77 cents per pound.

Corn and grain sorghum prices were higher, with corn cash gaining $0.04 and futures prices gaining $0.03, closing at $3.99 per bushel and $3.73 per bushel, respectively. Grain sorghum cash prices gained $0.07 to settle at $6.81 per cwt. Soybean futures prices closed $0.23 higher, settling at $10.09 per bushel.

Wheat cash prices gained $0.04 to close at $4.37 per bushel and futures prices gained $0.03 to close at $4.93 per bushel.

Stock markets were lower at the close of last week, weighed down by the prospect of increased interest rates. Crude oil prices closed $0.79 lower at $43.87 per barrel, reflecting recent reports of increases in domestic drilling.

Daily Market Summary Data for 8/10/2015

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