Texas Daily Ag Market News Summary 11/18/15

Posted 9 years 11 days ago by

Feeder cattle auction quoted prices $8 to $15 lower; futures higher.

Fed cattle cash trade was inactive; formula trades higher; futures higher; Beef prices lower.

Cotton futures lower.

Grains and soybeans lower.

Crude oil higher; natural gas lower.

Stock markets higher.

Texas feeder cattle auctions quoted prices $8 to $15 lower. Feeder cattle futures were $1.40 higher, closing at $174.87 per hundredweight (cwt). The Texas fed cattle cash trade was inactive today. Whole sale boxed beef values were lower with choice grade losing $1.69 settling at $206.68 per cwt, and select grade losing $1.23 settling at $196.70 per cwt. Estimated cattle harvest for the week totaled 321,000 head, down 5,000 from last week’s total and down 8,000 from a year ago. Year-to-date harvest is down 2%. Fed cattle futures were $2.95 higher, closing at $130.97 per cwt.

Cotton cash prices were steady remaining at 60.63 cents per pound; futures prices lost 0.01 cents, settling at 61.52 cents per pound.

Corn and grain sorghum prices were steady, with corn cash and futures prices remaining at $3.72 and $3.62 per bushel, respectively. Grain sorghum prices were steady remaining at $5.66 per cwt.

Wheat prices were lower with cash and futures prices both losing $0.04, settling at $3.78 and $4.59 per bushel, respectively.

Stock markets were higher today, reaching session highs, as notes from the last U.S. Federal Reserve’s meeting revealed that it “could well be” time to raise short-term interest rates. Crude oil prices closed $0.08 higher, settling at $40.75 per barrel.

Daily Market Summary Data 11/18/15

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