2015

Posted 9 years 88 days ago by

Feeder cattle futures higher.

Fed cattle cash trade was inactive on Wednesday; formula trades higher; futures lower; beef prices lower.

Cotton lower.

Grains and soybeans lower.

Crude oil higher; natural gas lower.

Stock markets higher.

Feeder cattle futures closed $0.47 higher at $200.75 per hundredweight (cwt). The Texas fed cattle cash trade was inactive yesterday. Wholesale boxed beef values were lower, with Choice grade dropping $0.24 and Select grade dropping $1.41, settling at $240.97 per cwt and $229.03 per cwt, respectively. Estimated cattle harvest through Wednesday totaled 328,000 head, up 2,000 from last week and up 90,000 from a year ago. Year-to-date harvest is up 38%. Fed cattle futures were $0.10 lower than the previous day’s prices closing at $141.23 per cwt.

Cotton prices were lower yesterday, with cash prices losing 0.50 cents and futures prices losing 0.40 cents, settling at 59.38 cents per pound and 63.18 cents per pound, respectively.

Corn and grain sorghum prices were lower, with corn cash prices staying steady and futures prices losing $0.02, closing at $3.78 per bushel and $3.54 per bushel, respectively. Grain sorghum cash prices dropped $0.02 to settle at $5.90 per cwt. Soybean futures prices closed $0.01 lower, settling at $8.84 per bushel.

Wheat prices were lower yesterday with cash prices dropping $0.07 and futures prices dropping $0.11 to close at $3.94 per bushel and $4.48 per bushel, respectively.

Stock markets closed higher yesterday, rebounding from the previous day’s losses. Crude oil prices climbed $0.84 to close at $46.25 per barrel, regaining losses from yesterday as buyers jumped when prices hit a low point for the day.

Daily Market Summary Data for 9/02/2015

If you are interested in receiving this daily report, please subscribe here.