Texas Daily Ag Market News Summary 08/24/17

Posted 1 years 54 days ago ago by Doug Van Pelt

Feeder cattle auctions mixed; Futures higher.
Fed cattle cash trade inactive; Formula trades lower; Futures higher; Beef prices lower.
Cotton futures higher.
Grains and soybeans higher.
Milk futures lower.
Crude oil lower; Natural gas higher.
Stock markets lower.

Texas feeder cattle auctions reported mixed prices, from $2 to $5 lower and to $4 higher. September Feeder cattle futures were 28 cents higher, closing at $142.18 per hundredweight (cwt). The Texas fed cattle cash trade closed at $106 per cwt. October Fed cattle futures were 66 cents higher, closing at $106.83 per cwt. Wholesale boxed beef values were lower, with Choice grade losing 58 cents to close at $191.75 per cwt and Select grade losing 81 cents to close at $188.66 per cwt.

Cotton prices were higher with cash prices gaining 50 cents per pound to close at 69.75 cents per pound and October futures gaining 57 cents to close at 70.17 cents per pound.

Corn prices remained steady as did September futures both remaining at $3.42 per bushel. Grain Sorghum cash prices were 1 cent higher, closing at $5.20 per bushel.

Wheat prices were higher with cash prices closing at $3.47 per bushel and September futures rose 8 cents to close at $4.06 per bushel.

Milk prices were lower with September Class III losing 5 cents to close at $16.67 per cwt.

Stock markets were lower today. October Crude oil futures were 98 cents lower, closing at $47.43 per barrel.

Daily Market News Summary 08-24-17.pdf

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