Texas Daily Ag Market News Summary 9/16/15

Posted 9 years 74 days ago by

Feeder cattle steady to $10 lower; futures lower.
Fed cattle cash trade inactive; formula trades higher; futures lower; beef prices mixed.
Cotton lower.
Grains and soybeans lower.
Crude oil higher; natural gas lower.
Stock markets higher.

Texas feeder cattle auctions reported prices steady to $10 lower. Feeder cattle futures closed $4.21 lower at $194.12 per hundredweight (cwt). The Texas fed cattle cash trade was inactive. Wholesale boxed beef values were mixed, with Choice grade dropping $0.08 to $233.41 per cwt and Select grade closing $0.02 higher at $225.03 per cwt. Estimated cattle harvest to date this week totaled 336,000 head, up 106,000 from last week and down 6,000 from a year ago. Year-to-date harvest is down 1.7%. Fed cattle futures settled $3.00 lower at $127.60 per cwt.

Cotton prices were lower on Tuesday with cash losing 0.51 cents, settling at 59.37 cents per pound and futures losing 0.44 cents, settling at 62.89 cents per pound.

Corn and grain sorghum prices were lower, with corn cash and futures prices losing $0.05 settling at $3.98 per bushel and $3.86 per bushel, respectively. Grain sorghum prices closed $0.08 lower at $6.09 per cwt. Soybean futures prices were $0.02 lower, closing at $8.87 per bushel.

Wheat cash prices settled $0.07 lower at $4.05 per bushel and futures prices settled $0.06 lower to close at $4.87 per bushel.

Stock markets closed higher yesterday for the second straight day, sparked by the gains in energy shares. Crude oil prices gained $2.56 to close at $47.15 per barrel.

Daily Market Summary Data 9/16/15

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