Texas Daily Ag Market News Summary

Feeder cattle auctions steady to higher; futures down.

Formula trades lower; Beef prices up.

Cotton prices up.

Grains and soybeans up.

Milk futures steady.

Crude oil down; Natural gas up.

Stock markets down

Cattle:

Texas feeder cattle auctions reported steady to higher prices. March Feeder cattle futures were up, gaining 55 cents to close at $146.10 per hundredweight (cwt). The Texas fed cattle cash had no reportable trade. February Live cattle futures were down, gained 62 cents to close at $128.02 per cwt. Wholesale boxed beef values were up, Choise grade to close at $220.52 per cwt and Select grade closing at $214.79 per cwt. 

Cotton:

Cotton prices were up, with cash prices closing at 75.75 cents per pound and March cotton futures closing at 81.76 cents per pound.

Corn and Grain Sorghum:

Corn prices were up 2 cents, closing at $3.83 per bushel. March corn futures were also up, closing at $3.70 per bushel. Grain sorghum cash prices were up, gaining 4 cents to close at $6.13 per cwt.

Wheat:

Wheat prices were up, with cash prices gaining 16 cents to close at $4.54 per bushel and March wheat futures gaining 11 cents to close at $4.89 per bushel.

Milk:

Milk futures remained steady to close at $13.44 per cwt.

Stock Markets and Crude Oil:

Stock markets were down, with all the three major indexes showing moderate losses. April Crude oil futures were down $1.01 to close at $62.90 per barrel.