Texas Daily Ag Market News Summary 12/29/15

Posted 8 years 335 days ago by

Feeder cattle auctions were closed for holidays; futures lower.

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

Cotton futures lower.

Grains and soybeans higher.

Crude oil higher; natural gas higher.

Stock markets higher.

Texas feeder cattle auctions were closed for the holidays. Feeder cattle futures were $0.18 lower, closing at $162.47 per hundredweight (cwt). The Texas fed cattle cash trade was inactive today. Whole sale boxed beef values were higher with choice grade gaining $5.08 to close at $206.17 per cwt; select grade gained $4.46 to close at $197.66 per cwt. Fed cattle futures were $0.65 lower, closing at $130.20 per cwt. Estimated cattle harvest for the week totaled 198,000 head, down 29,000 from last week and last year. Year-to-date harvest is down 12%.

Cotton cash prices were steady remaining at 61.87 cents per pound; March futures prices lost 0.10 cents to close at 63.87 cents per pound.

Corn prices were mixed with cash prices losing $0.01 to close at $3.66 per bushel; March corn futures gained $0.02 to close at $3.63 per bushel.

Wheat prices were higher with cash prices gaining $0.02 to close at $3.80 per bushel; March wheat futures gained $0.07 to close at $4.73 per bushel.

Stock markets were higher today, as investors bought up stocks after reaching yearlong lows. Crude oil prices were higher, gaining $1.06 to close at $37.87 per barrel.

Daily Market Summary Data 12/29/15

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