Texas Daily Ag Market News Summary 9/23/15

Posted 9 years 67 days ago by

Feeder cattle auction prices steady to $12 lower; futures lower.

Fed cattle cash trade inactive; formula trades lower; futures lower; beef prices lower.

Cotton cash steady; futures lower.

Grains and soybeans higher.

Crude oil lower; natural gas lower.

Stock markets lower.

Texas feeder cattle auctions reported prices steady to $12 lower. Feeder cattle futures closed $0.75 lower at $194.95 per hundredweight (cwt). The Texas fed cattle cash trade was inactive yesterday. Wholesale boxed beef values were lower, with Choice grade losing $4.88 to settle at $217.89 per cwt and Select grade losing $3.28 to settle at $213.51 per cwt. Estimated cattle harvest to date this week totaled 336,000 head, on par with last weeks total, but down 7,000 from a year ago. Year-to-date harvest is down 2%. Fed cattle futures settled $03.00 lower at $133.22 per cwt.

Cotton cash prices were steady on Tuesday staying at 58.12 cents per pound, futures prices lost 0.03 cents to settle at 58.70 cents per pound.

Corn and grain sorghum prices were higher, with corn cash prices gaining $0.03 to settle at $3.93 per bushel and futures prices gaining $0.02 to settle at $3.83 per bushel. Grain sorghum prices closed $0.06 higher at $6.04 per cwt. Soybean futures prices were $0.02 higher, closing at $8.64 per bushel.

Wheat cash and futures prices both gained $0.14 to settle at $4.20 per bushel and $5.02 per bushel, respectively.

Stock markets closed lower yesterday, marking the fourth loss in the previous five sessions. Crude oil prices lost $1.35 to close at $44.48 per barrel, erasing slight gains that came after data showed a draw in U.S. Crude supplies.

Daily Market Summary Data 9/23/15

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