Texas Daily Ag Market News Summary 12/23/15

Posted 8 years 340 days ago by

Feeder cattle auctions were closed for holidays; Futures higher.

Fed cattle cash trade inactive; futures higher; Beef prices higher.

Cotton futures lower.

Grains and soybeans lower.

Crude oil higher; Natural gas higher.

Stock markets higher.

Texas feeder cattle auctions were closed for the holidays. Feeder cattle futures were $4.42 higher, closing at $163.07 per hundredweight (cwt). The Texas fed cattle cash trade was inactive today. Whole sale boxed beef values were higher with choice grade gaining $3.37 to close at $194.90 per cwt; select grade gained $3.85 to close at $187.50 per cwt. Fed cattle futures were $3.00 higher, closing at $128.60 per cwt. Estimated cattle harvest for the week totaled 340,000 head, up 2,000 from last week and 67,000 from last year’s total.

Cotton prices were lower with March futures prices losing 0.39 cents to close at 62.77 cents per pound.

Corn prices were mixed with cash prices losing $0.01 to close at $3.69 per bushel; March corn futures were steady remaining at $3.66 per bushel.

Wheat prices were lower with cash and futures prices both losing $0.02 to close at $3.79 and $4.69 per bushel, respectively.

Stock markets were higher today, as investors bought energy shares, making way for the largest weekly gain in U.S indexes in over a month. Crude oil prices were higher, gaining $1.36 to close at $37.50 per barrel.

Daily Market Summary Data 12/23/15

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This will be the last market report before the holidays. We want to wish everyone a Merry Christmas and Happy Holidays!