|
Dec
28
2015
|
|
Posted 5 years 197 days ago ago by Texas Department of Agriculture
|
|
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
If
you are interested in receiving this daily report, please subscribe here.