Home | News | TDA Market Recap Aug. 17, 2009

TDA Market Recap Aug. 17, 2009

By
Font size: Decrease font Enlarge font

Commissioner Todd Staples                              1-800-TELL-TDA

TEXAS DEPARTMENT OF AGRICULTURE   www.TexasAgriculture.gov

 

 

AUSTIN – (Aug. 17, 2009) For the week ending Aug. 15, 2009, feeder cattle price trends at Texas auctions were mostly steady to $4 higher compared to a week earlier. However, auctions in the drought area were mostly steady to $4 lower with increasing numbers of light-weight feeders coming to sale. Fed cattle were $1 higher following a slight increase in wholesale beef prices. Cotton prices ended the week slightly lower. Corn and grain sorghum prices declined on prospects for large crops in the Midwest and wheat prices remain under pressure from large global supplies. As for futures markets, fed cattle were higher while feeder cattle, cotton, wheat, corn and lumber were lower. Parts of the Plains, Trans-Pecos and Upper Coast regions recorded as much as three to six inches of rain while a trace to two inches fell in other locations. Topsoil moisture remains in mostly very short to adequate supply statewide. Field preparations for fall wheat seedings are underway in many areas. Cotton was setting bolls on the Plains and bolls were opening in South Texas. The crop was in mostly good to fair condition, but needing heat units on the Northern High Plains. Corn harvest is 53 percent complete and grain sorghum is 58 percent harvested, both ahead of the normal pace. Peanuts are pegging on 98 percent of the acreage with the crop in mostly good condition. Pasture conditions are widely variable, from very poor to good depending on rainfall received.

 

 

 

 

Week Ending

Previous

Previous

Texas Cash Markets:

 

     Aug 15, 2009

              Week

           Year

 

 

 

 

 

Feeder Steers

($/cwt)

104.78

100.75 

110.85

Fed Cattle

($/cwt)

81.95

80.96

99.85

Slaughter Lambs

($/cwt)

97.88

97.00

102.00

Slaughter Goats

($/cwt)

111.00

111.50

108.50

 

 

 

 

 

Cotton

(¢/lb)

55.13

55.38

61.75

Grain Sorghum

($/bu)

4.56

4.58

 7.34

Wheat

($/bu)

4.41

4.58

7.81

Corn

($/bu)

3.18

3.24

5.22

 

 

 

 

 

Watermelons

($/lb)

0.15

0.14

0.15

 

 

 

 

 

Futures Markets:

 

 

 

 

 

 

 

 

 

Feeder Cattle

($/cwt)

100.70

101.35

113.90

Fed Cattle

($/cwt)

84.65

83.85

101.68

Cotton

(¢/lb)

59.21

60.53

65.07

Wheat

($/bu)

5.09

5.25

8.63

Corn

($/bu)

3.19

3.22

5.30

Lumber

($/1000 bd ft)

189.50

197.10

265.10

 

The cash prices above are market averages for locations covered by the TDA Market News program and do not reflect an


Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha

Log in

  • Email to a friend Email to a friend
  • Print version Print version
  • Plain text Plain text

Tagged as:

No tags for this article

Rate this article

0
Powered by Vivvo CMS v4.5.2