Texas Daily Ag Market News Summary 12/9/15

Posted 8 years 355 days ago by

Feeder cattle auctions reported prices steady to $10 lower; futures lower.

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

Cotton higher.

Grains and soybeans higher.

Crude oil lower; natural gas lower.

Stock markets lower.

Texas feeder cattle auctions reported prices steady to $10 lower. Feeder cattle futures were $3.23 lower, closing at $150.62 per hundredweight (cwt). The Texas fed cattle cash trade was inactive today. Whole sale boxed beef values were lower with choice grade losing $1.06 closing at $203.08 per cwt; select grade lost $0.73 closing at $190.00 per cwt. Fed cattle futures were $2.40 lower, closing at $119.85 per cwt. Estimated cattle harvest for the week totaled 335,000 head, up 12,000 from last week and down 1,000 from last year’s total.

Cotton prices were higher with cash prices gaining 0.25 cents to close at 63.12 cents per pound; March futures prices gained 2.54 cents to close at 64.81 cents per pound.

Corn cash prices were steady, remaining at $3.77 per bushel; December corn futures gained $0.02 to close at $3.72 per bushel. Grain Sorghum cash prices gained a penny to close at $5.79 per cwt.

Wheat prices were mixed with cash prices losing $0.03 to close at $3.81 per bushel; futures prices gained $0.08 to close at $4.67 per bushel.

Stock markets were lower today as the oil inventories failed to stabilize, dragging the stock market down along with oil prices. Crude oil prices were lower, losing $0.35 closing at $37.16 per barrel.

Daily Market Summary Data 12/9/15

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