Texas Daily Ag Market News Summary 8/17/15

Posted 9 years 104 days ago by

Feeder cattle steady to $4 higher with instances of $6 lower; futures lower.
Fed cattle cash trade closed at $148; futures lower; beef prices mixed.
Cotton cash steady; futures slightly higher.
Grains and soybeans mixed.
Crude oil higher; natural gas higher.
Stock markets higher.

Texas feeder cattle auctions quoted prices steady to $4 higher with instances of $6 lower. Feeder cattle futures closed $0.13 lower at $213.90 per hundredweight (cwt). The Texas fed cattle cash trade was active on Friday closing at $148 per cwt. Wholesale boxed beef values were mixed, with Choice grade closing $0.37 lower at $244.72 per cwt and Select grade $0.31 higher closing at $235.44 per cwt. Estimated cattle harvest for the week totaled 532,000 head, down 2,000 from the previous week, but down 38,000 from a year ago. Year-to-date harvest is down 6.7%. Fed cattle futures closed $0.40 lower at $148.45 per cwt.

Cotton cash prices were unchanged at the end of the week, remaining at 61.38 cents per pound. Futures settled 0.01 cents higher at 67.16 cents per pound.

Corn and grain sorghum prices were mixed, with corn cash and futures prices both remaining unchanged, closing at $3.90 per bushel and $3.64 per bushel, respectively. Grain sorghum cash prices gained $0.01 to settle at $6.46 per cwt. Soybean futures prices closed $0.14 lower, settling at $9.79 per bushel.

Wheat cash prices gained $0.04 and futures prices gained $0.05, settling at $4.32 per bushel and $4.90 per bushel, respectively.

Stock markets were higher at the close of last week, boosted by an unprecedented one-day gain in oil prices. Crude oil prices closed $0.27 higher at $42.50 per barrel, in wake of a series of refinery shutdowns.

Daily Market Summary Data for 8/17/2015

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