Texas Daily Ag Market News

Feeder cattle auctions steady to higher; futures up.

Formula trades inactive; Beef prices up.

Cotton prices up.

Grains and soybeans steady.

Milk futures up.

Crude oil down; Natural gas up.

Stock markets down.

Cattle:

Texas feeder cattle auctions reported steady to higher prices. March Feeder cattle futures were down, dropping $1.48 to close at $143.58 per hundredweight (cwt). The Texas fed cattle cash had no reportable trade. April Live cattle futures were down, declining $1.15 cents to close at $122.18 per cwt.  

Cotton:

 March cotton futures up, closing at 82.72 cents per pound.

Corn and Grain Sorghum:

Corn prices were steady, closing at $3.94 per bushel. March corn futures were down, closing at $3.76 per bushel. Grain sorghum cash prices were steady, closing at $6.22 per cwt.

Wheat:

Wheat prices were steady, with cash prices to close at $4.73 per bushel and March wheat futures dropping 14 cents to close at $5.17 per bushel.

Milk:

Milk futures were up to close at $14.08 per cwt.

Stock Markets and Crude Oil:

Stock markets were making modest gains, with all the three major indexes showing slight improvement. Crude oil futures were up 32 cents to close at $61.31 per barrel.