Texas Daily Ag Market News Summary 12/28/15

Posted 8 years 336 days ago by

Feeder cattle auctions were closed for holidays; futures lower.

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

Cotton higher.

Grains and soybeans lower.

Crude oil lower; natural gas higher.

Stock markets lower.

Texas feeder cattle auctions were closed for the holidays. Feeder cattle futures were $0.42 lower, closing at $162.65 per hundredweight (cwt). The Texas fed cattle cash trade was inactive today. Whole sale boxed beef values were higher with choice grade gaining $6.19 to close at $201.09 per cwt; select grade gained $5.70 to close at $193.20 per cwt. Fed cattle futures were $2.25 higher, closing at $130.85 per cwt. Estimated cattle harvest for the week totaled 90,000 head, down 21,000 from last week and 24,000 from last year’s total. Year-to-date harvest is down 21%.

Cotton prices were higher with cash prices gaining 0.75 cents to close at 61.87 cents per pound; March futures prices gained 1.20 cents to close at 63.97 cents per pound.

Corn prices were lower with cash prices losing $0.02 to close at $3.67 per bushel; March corn futures lost $0.05 to close at $3.61 per bushel.

Wheat prices were lower with cash prices losing $0.01 to close at $3.78 per bushel; March wheat futures lost $0.03 to close at $4.66 per bushel.

Stock markets were lower today, following a sharp selloff in oil shares. Crude oil prices were lower, losing $0.69, to close at $36.81 per barrel.

Daily Market Summary Data 12/28/15

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