Texas Daily Ag Market News Summary 8/12/15

Posted 9 years 108 days ago by

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

Texas feeder cattle auctions reported prices steady to $5 higher. Feeder cattle futures closed $0.17 lower at $214.08 per hundredweight (cwt). The Texas fed cattle cash trade was inactive yesterday. Wholesale boxed beef values were higher, with Choice grade rising to $240.93 per cwt and Select grade rising to $234.80 per cwt. Estimated cattle harvest to date this week totaled 219,000 head, up 3,000 from last week, but down 11,000 from a year ago. Year-to-date harvest is down 4.8%. Fed cattle futures settled $0.07 lower at $150.18 per cwt.

Cotton prices were lower on Tuesday, with cash prices dropping 0.50 cents and futures prices dropping 0.41 cents, settling at 57.63 cents per pound and 62.71 cents per pound, respectively.

Corn and grain sorghum prices were lower, with corn cash and futures prices both losing $0.13 to settle at $4.03 per bushel and $3.77 per bushel, respectively. Grain sorghum prices closed $0.24 lower at $6.87 per cwt. Soybean futures prices were $0.31 lower, closing at $10.14 per bushel.

Wheat cash prices lost $0.18 and futures prices lost $0.17 to settle at $4.30 per bushel and $4.88 per bushel, respectively.

Stock markets closed lower yesterday, responding to recent devaluation of the Chinese Yuan. Crude oil prices lost $1.88 to close at $43.08 per barrel, a new six-year low.

Daily Market Summary Data for 8/12/2015

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