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Nov
06
2017
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Posted 350 days ago ago by Texas Department of Agriculture
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Feeder cattle auctions higher;
Futures lower.
Fed cattle cash trade inactive;
Formula trades higher; Futures lower; Beef prices higher.
Cotton futures higher.
Grains and soybeans uneven.
Milk futures higher.
Crude oil higher; Natural gas higher.
Stock markets higher.
Texas feeder cattle
auctions
were higher, reporting prices $2 to
$4 higher. November Feeder cattle
futures were 72 cents lower, closing at $160.15 per hundredweight (cwt). The
Texas fed cattle cash trade was inactive
today. December Fed cattle futures
were $1.98 lower, closing at $125.32 per cwt. Wholesale boxed beef values were higher, with Choice grade gaining $1.83
to close at $210.57 per cwt and Select grade gaining $1.69 to close at $194.77
per cwt. Estimated cattle harvest
for the week totaled 117,000 up 1,000 from last week’s total and 6,000 from last
year’s total. Year-to-date harvest is up 5.4%.
Cotton prices were uneven
with cash prices holding steady to remain at 69.00 cents per pound and December
cotton futures gaining 0.13 cents to close at 68.85 cents per pound.
Corn prices were steady
with cash prices and December futures both holding steady to remain at $3.40
per bushel and $3.48 per bushel, respectively. Grain Sorghum cash prices were steady, as well, to remain at $5.56 per
cwt.
Wheat prices were higher
with cash prices and December futures both gaining 3 cents to close at $3.67 per
bushel and $4.30 per bushel, respectively.
Milk prices were higher
with November Class III milk gaining 2 cents to close at $16.56 per cwt.
Stock markets
closed higher today, major U.S. indexes were pushed to another set of record
highs behind big gains in energy shares caused by rallying crude oil prices. December
Crude oil futures were $1.71 higher,
to close at $57.35 per barrel. Crude oil prices hit their highest prices in
over two-years as signs of increased global demand have been on the rise. These
signs have made people around the markets believe that the increased demand may
be enough to soak up some of the glut of crude oil that has been dragging down
global markets for months.
Daily
Market News Summary Data 11/06/17
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