The Ellis County Press: TDA Market Recap Aug. 31, 2009

TDA Market Recap Aug. 31, 2009
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Editor on 08/31/2009 16:52:00


Commissioner Todd Staples                              1-800-TELL-TDA
TEXAS DEPARTMENT OF AGRICULTURE   www.TexasAgriculture.gov
AUSTIN - (Aug. 31, 2009) For the week ending Aug. 29, 2009, feeder cattle prices
at Texas auctions were steady to $4 lower per hundredweight, with some to $6
lower. Fed cattle prices were $1.50 higher than a weak earlier. Cotton prices
were unchanged. Wheat ended the week slightly higher, grain sorghum was
unchanged and corn prices were slightly lower. As for futures markets, wheat
closed the week higher, while feeder cattle, fed cattle, cotton, corn and lumber
were lower. Parts of East Texas and the Panhandle received up to 2 inches of
rain during the week, but much of the state recorded trace amounts, at best.
Topsoil moisture was rated in mostly short to very short. Only Northeast Texas
and the Northern High Plains reported mostly adequate moisture supplies. Cotton
harvest is underway in South and South-Central Texas while on the Plains, the
crop is setting bolls and some bolls are opening. Overall, the cotton crop is
rated in mostly fair to good condition. Corn harvest is wrapping up in South
Texas and well underway in the Blacklands region. Statewide, harvest is 66
percent complete. Grain sorghum matured rapidly due to the hot, dry conditions
with 61 percent of the acreage harvested. Field preparations for winter wheat
seedings continued, with some producers delaying planting in hopes of receiving
moisture. Pastures were rated in mostly fair to very poor condition.
WEEK ENDING
PREVIOUS
PREVIOUS
TEXAS CASH MARKETS:
AUG 29, 2009
WEEK
YEAR
Feeder Steers
($/cwt)
101.36
103.18
109.64
Fed Cattle
($/cwt)
84.95
83.43
98.97
Slaughter Lambs
($/cwt)
107.00
102.30
105.00
Slaughter Goats
($/cwt)
116.00
113.17
120.50
Cotton
(¢/lb)
53.38
53.38
64.25
Grain Sorghum
($/bu)
4.61
4.61
9.04
Wheat
($/bu)
4.33
4.26
7.37
Corn
($/bu)
3.15
3.16
5.63
Watermelons
($/lb)
0.12
0.13
0.14
FUTURES MARKETS:
Feeder Cattle
($/cwt)
99.45
100.15
111.15
Fed Cattle
($/cwt)
84.65
85.00
101.78
Cotton
(¢/lb)
56.30
56.45
67.53
Wheat
($/bu)
5.00
4.94
8.19
Corn
($/bu)
3.21
3.22
5.68
Lumber
($/1000 bd ft)
172.10
180.60
252.00
The cash prices above are market averages for locations covered by the TDA
Market News program and do not reflect any particular sale at any specif