Texas Daily Ag Market News Summary 12/30/15

Posted 8 years 333 days ago by

Feeder cattle auctions were closed for holidays; Futures higher.

Fed cattle cash trade active; Futures higher; Beef prices higher.

Cotton futures higher.

Grains and soybeans lower.

Crude oil lower; Natural gas lower.

Stock markets lower.

Texas feeder cattle auctions were closed for the holidays. Feeder cattle futures were $7.48 higher, closing at $169.95 per hundredweight (cwt). The Texas fed cattle cash trade was active today, closing at $134.12 per cwt. Whole sale boxed beef values were higher with choice grade gaining $2.50 to close at $208.67 per cwt; select grade gained $3.85 to close at $201.51 per cwt. Fed cattle futures were $2.80 higher, closing at $133.00 per cwt. Estimated cattle harvest for the week totaled 309,000 head, down 31,000 from last week and 12,000 from last years total. Year-to-date harvest is down 3.7%.

Cotton cash prices were steady remaining at 61.87 cents per pound; March futures prices gained 0.10 cents to close at 63.97 cents per pound.

Corn prices were lower with cash and futures prices both losing $0.04 to close at $3.62 per bushel and $3.59 per bushel, respectively.

Wheat prices were lower with cash prices losing $0.05 to close at $3.75 per bushel; March wheat futures lost $0.07 to close at $4.66 per bushel.

Stock markets were lower today, as losses in oil prices reverberated throughout the major markets. Crude oil prices were lower, losing $1.27 to close at $36.60 per barrel.

DailyMarket Summary Data 12/30/15

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