Agricultural Market Summary

Feeder cattle prices were mixed. Selected Texas auctions were mostly $2 lower to $5 higher per hundredweight, though a trend could not be established at some Panhandle locations because of light receipts the previous week. Texas direct feeder cattle sales were mostly steady to $2 lower, while Oklahoma City was $5 lower to $2 higher. Buyers are willing to pay more for the more desirable offerings and to fill current orders, but lighter demand and the onset of cooler, wetter weather are also keeping a lid on the market. Fed cattle prices were lower as packers were able to lower bids and put a small dent in their negative margins. Cotton and grain prices were again lower amid ongoing concerns about the European debt crisis, weak export demand and competition from cheaper foreign grain. As for futures markets, feeder cattle were higher while fed cattle, cotton, wheat, corn and lumber were lower. Much of the state recorded rainfall during the week with the heaviest amounts in northeast and Central Texas. Crop progress and crop condition information are not available, as USDA has discontinued its weekly reports until after the first of the year.

All cash prices above are market averages for locations covered by the USDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA at (800) 835-5832 or visit our website, http://www.texasagriculture.gov/

Agricultural Market Recap for the week ending Dec. 10

Feeder cattle prices at selected Texas auctions were $5 lower to $2 higher per hundredweight with light receipts at most Panhandle locations because of the cold weather and snow. Texas direct feeder cattle sales were $2 lower to $3 higher, while Oklahoma City was $3 lower to $3 higher. Market fundamentals remain unchanged with tight supplies and continued good beef demand, for both export and domestic consumption. However, lower beef exports last week, lower beef prices and lower feeder cattle futures created some uncertainty, and the first winter storm of the season reminded buyers of the potential health issues with young, short-weaned calves. Fed cattle prices were lower following the decline in wholesale beef values. Cotton and grain prices were lower amid ongoing concerns about the European debt crisis, weak export demand and competition from cheaper foreign grain. Net export sales for cotton were negative as China exited the markets and cancellations more than offset new purchases. USDA raised its projections for global corn production and lowered its wheat exports estimate, which contributed to the declines in grain prices. As for futures markets, feeder cattle, fed cattle, cotton, wheat and corn were lower while lumber was higher. Most of the state recorded rainfall during the week with heaviest amounts generally east of a line from Del Rio to Wichita Falls. Crop progress and crop condition information are not available, as USDA has discontinued its weekly reports until after the first of the year.


All cash prices above are market averages for locations covered by the USDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA at (800) 835-5832 or visit our website, http://www.texasagriculture.gov/ .

Agriculture Market Recap for the Week Ending Dec. 3

Feeder cattle prices at select Texas Panhandle auctions and at San Angelo were steady to $10 higher per hundredweight with the most advance on lighter-weight calves. Texas direct feeder cattle sales were mostly steady while Oklahoma City was steady to $12 higher. Competition for a shrinking supply of available cattle continues to support the market. Fed cattle prices were unchanged in spite of a decline in wholesale beef values. Cotton and grain prices were higher after central banks took steps to relieve the European debt crisis, thereby boosting optimism that demand will improve in the near future. However, weak current exports limited gains. As for futures markets, feeder cattle, fed cattle, cotton, wheat and corn were higher while lumber was lower. Much of the state north of a line from roughly Nacogdoches to Corpus Christi to Odessa recorded rainfall during the week with heaviest amounts mostly west of I-35. Crop progress and crop condition information are not available as USDA has discontinued its weekly reports until after the first of the year.



* Price not available due to Thanksgiving holiday closings. All cash prices above are market averages for locations covered by the USDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA at (800) 835-5832 or visit our website, http://www.texasagriculture.gov/.

Agriculture Market Recap for Nov. 28, 2011

For the week ending Nov. 26, feeder cattle prices at selected Texas auctions were mostly steady. Oklahoma City was mostly steady to $5 higher per hundredweight, though a few were $2 lower. Texas direct feeder cattle sales were mostly steady to $3 higher. Competition for a shrinking supply of available cattle continues to support the market. Fed cattle prices were higher as processors had to increase bids for a smaller cattle supply. Beef values were also higher with Choice beef remaining at a near-record high level. Cotton and grain prices were lower as the ongoing global economic uncertainty led to concerns that demand will suffer. As for futures markets, fed cattle were higher while feeder cattle, cotton, wheat, corn and lumber were lower. Much of the state, except for South Texas, recorded rainfall last week with the heaviest amounts mostly east of I-35 and north of I-10. Topsoil moisture remains in mostly short to very short supply, though areas with adequate supplies have expanded following the recent rains. Cotton was rated in mostly fair to very poor condition, with 93 percent of the crop harvested, compared to 75 percent on average by this date. Grain sorghum harvest was 93 percent complete, equal to the normal pace. Winter wheat seedings were 94 percent complete and 74 percent of the acreage has emerged. The crop was reported in mostly good to poor condition. Peanut harvest is 97 percent complete. Citrus, spinach, cabbage and pecan harvests also are underway. Pasture conditions improved somewhat, though 84 percent of the acreage remains in very poor to poor condition.

* Price not available due to Thanksgiving holiday closings. All cash prices above are market averages for locations covered by the USDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA at (800) 835-5832 or visit our website, www.TexasAgriculture.gov.

Agriculture Market Recap for the week ending August 27

Feeder cattle price trends at Texas auctions were again uneven, from $5 lower to $5 higher per hundredweight. High drought-related volumes at many auctions and the lack of grazing continue to pressure markets, though higher fed cattle, the likelihood for lower supplies this fall and higher beef prices remain supportive. Fed cattle prices were $1 lower following a decline in wholesale beef prices. Cotton prices were lower for the week as prospects for a smaller, drought-reduced U.S. crop were more than offset by weak exports. Corn prices were higher on prospects that production may be lower than current forecasts. Wheat prices were higher following reports of lower than expected spring wheat yields. As for futures markets, wheat, corn and lumber were higher, while fed cattle were unchanged and feeder cattle and cotton were lower. Scattered showers fell over much of the state with rainfall totals in excess of one inch along parts of the Gulf Coast and East Texas. Topsoil moisture was rated in short to very short supply across the state and most crops were reported in fair to very poor condition with ratings well below where they were at this time last year. Corn acreage was 65 percent mature and 52 percent of the crop has been harvested, both ahead of normal for this date. Grain sorghum was 56 percent harvested, ahead of the average pace. Cotton bolls were opening on 27 percent of the acreage and 13 percent of the crop has been harvested, both higher than the average. Ninety-eight percent of the state’s pastures were reported in very poor to poor condition as supplemental feeding and reductions of livestock herds continue.




All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

For the week ending August 20

Feeder cattle price trends at Texas auctions were uneven, from $5 lower to $5 higher per hundredweight. High drought-related volumes at many auctions and the lack of grazing continue to pressure markets, though higher fed cattle, the likelihood for lower supplies this fall and higher beef prices remain supportive. Fed cattle prices were $2.50 lower in spite of higher wholesale beef prices. Cotton prices were higher for the week on prospects for a smaller drought-reduced U.S. crop and news that China will likely increase purchases soon. Corn prices were higher on concerns that the recent production forecast may not reflect the full extent of damage done during the July heat wave in the Midwest. Wheat prices were higher following reports of lower than expected spring wheat yields. As for futures markets, cotton, wheat and corn were higher, while feeder cattle, fed cattle and lumber were lower. Scattered showers fell in parts of east, north and west Texas, and the Panhandle, with amounts generally less than one-half inch. Topsoil moisture was rated in short to very short supply across the state and most crops were reported in fair to very poor condition, with ratings well below where they were at this time last year. Corn acreage was 64 percent mature and 51 percent of the crop has been harvested, both ahead of normal for this date. Grain sorghum was 90 percent headed and 55 percent of the crop has been harvested, ahead of the average pace. Cotton was setting bolls on 96 percent of the acreage and 12 percent of the crop has been harvested, both higher than the average. Ninety-six percent of the state’s pastures were reported in very poor to poor condition as supplemental feeding and reductions of livestock herds continue.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

For the week ending July 30

Feeder cattle prices at Texas auctions were mostly steady to $8 lower per hundredweight, though higher prices were also noted at a few locations. Unchanged fed cattle prices, volatile grain markets and continued large numbers of calves and cull cows coming to auctions were primary factors. Fed cattle prices were unchanged with wholesale beef prices lower on Choice and slightly higher on Select-grade. Cotton cash prices were unchanged as continued weak exports offset the prospects for a smaller 2011 crop. Corn prices were lower as storms brought rain and cooler temperatures to the Corn Belt. Wheat and grain sorghum followed corn lower. As for futures markets, feeder cattle, fed cattle and cotton were higher, while wheat, corn and lumber were lower. Widely scattered showers fell over much of the state during the week with amounts in excess of 2 inches reported in southeast Texas. Corn acreage was 54 percent mature and 18 percent of the crop has been harvested, both ahead of normal for this date. Grain sorghum was 78 percent headed and 45 percent of the crop has been harvested, well ahead of the average pace. Cotton was setting bolls on 55 percent of the acreage, also more than average. Most crops were reported in fair to very poor condition with condition indexes mostly lower than a week ago and well below where they were at this time last year. Pastures showed some improvement in areas that have received rain, but remain in mostly very poor to poor condition statewide as supplemental feeding and reductions of livestock herds continue.




All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

For the week ending July 23

Feeder cattle prices at Texas auctions were mostly $2 to $8 lower per hundredweight. Lower fed cattle and beef prices contributed to the decrease. The drought was also a factor as calves are being marketed earlier than normal because of the lack of grazing, which is increasing supplies and lowering prices. Fed cattle prices were $2.50 lower following a decline in wholesale beef values. Cotton cash prices fell because of continued weak exports and concerns about future demand. Corn prices were lower on forecasts for improved growing conditions in the Midwest. Wheat prices increased because of tight supplies of high protein winter wheat. As for futures markets, feeder cattle, wheat and lumber were higher, while fed cattle, cotton and corn were lower. Widely scattered showers fell over much of the state during the week with amounts in excess of 2 inches reported east of Houston and in parts of the Northern High Plains, Trans-Pecos and Edwards Plateau. Corn was 60 percent in dough-stage and 53 percent of the acreage was rated mature, ahead of normal for this date. Grain sorghum was 72 percent headed and 41 percent of the crop has been harvested, well ahead of the average pace. Cotton was squaring on 73 percent of the acreage and 36 percent was setting bolls, slightly more than average. Most crops were reported in fair to very poor condition with condition indexes lower than a week ago and well below where they were at this time last year. Pastures showed some improvement in areas that have received rain, but remain in mostly very poor to poor condition statewide as supplemental feeding and reductions of livestock herds continue.




All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending July 16

Feeder cattle prices at Texas auctions were mixed, with sales early in the week mostly $3 to $6 higher per hundredweight and later-week sales mostly steady to $7 lower. Declines in fed cattle and futures markets contributed to the decrease. Fed cattle prices were $4 lower in spite of modestly higher wholesale beef values. Cotton cash prices declined because of continued weak exports and concerns about future demand. Corn and grain sorghum prices were higher amid forecasts for much hotter weather in the Midwest just as corn is beginning to pollinate. Wheat prices increased following a favorable supply and demand report. As for futures markets, wheat, corn and lumber were higher while fed cattle, feeder cattle and cotton were lower. Widely scattered showers fell over much of the state during the week with amounts in excess of 4 inches reported in parts of the Panhandle and Southeast Texas. Wheat harvest was completed. Corn was 56 percent in dough-stage and 46 percent of the acreage was rated mature, well ahead of normal. Grain sorghum planting was completed with 71 percent of the crop headed and 36 percent harvested, both ahead of the average pace. Cotton was squaring on 64 percent of the acreage and 20 percent was setting bolls, both slightly behind normal. Most crops remained in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures were rated in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.


All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

For the week ending July 9

Feeder cattle prices at Texas auctions were mostly $3 to $6 higher per hundredweight, with a few steady and a few to $10 higher. Tight supplies, lower feed grain prices over the past few weeks and higher fed cattle contributed to the increase. Fed cattle prices were higher following increases in wholesale beef values and improved processor margins. Cotton cash prices were lower because of continued weak exports. Corn, grain sorghum and wheat prices were higher amid generally strong exports and forecasts for hotter, drier weather in the Midwest. As for futures markets, feeder cattle, fed cattle, wheat, corn and lumber were higher while cotton was lower. Widely scattered showers fell over much of the state during the week with amounts ranging from a trace to more than an inch in some locations. Wheat harvest was nearing completion and ahead of the normal 92 percent with the crop rated in mostly very poor to poor condition. Corn was 61 percent silked and 24 percent of the acreage was rated mature. Grain sorghum planting was nearing completion with 60 percent of the crop rated mature and 27 percent harvested. Cotton was squaring on 50 percent of the acreage and 15 percent was setting bolls. Most crops remained in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures were rated in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com

For the week ending July 2

Feeder cattle prices at Texas auctions were mostly steady to $8 higher per hundredweight. Lower feed grain prices and higher fed cattle contributed to the increase. Fed cattle prices were modestly higher following increases in wholesale beef. Cotton cash prices were lower because of higher than expected planted acreage and continued weak exports, but losses were limited by the declining prospects for this year’s crop. Corn, grain sorghum and wheat prices ended the week lower after USDA reported larger than expected corn planted acres and higher stocks of grain in storage. As for futures markets, feeder cattle and lumber were higher while fed cattle, cotton, wheat and corn were lower. Hurricane Arlene brought rain to much of South Texas with some locations receiving in excess of three inches. Parts of northeast Texas recorded more than two inches of rain while widely scattered showers fell in other areas of the state. Topsoil moisture was in mostly adequate to surplus supply in the Lower Rio Grande Valley and mostly short to very short elsewhere. Wheat harvest was 98 percent complete, well ahead of the normal 83 percent with the crop rated in mostly very poor to poor condition. Corn was 60 percent silked with 13 percent rated mature. Grain sorghum planting was 95 percent complete with 51 percent of the crop rated mature. Cotton was squaring on 41 percent of the acreage and 14 percent was setting bolls. Most crops were rated in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures remain in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.




All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending June 25

Feeder cattle prices at Texas auctions were mostly $5 to $7 higher per hundredweight, with some to $10 higher. Lower feed grain prices and higher fed cattle contributed to the increase. Fed cattle prices were $4 higher following increases in wholesale beef prices and as processors built up inventories ahead of the July 4 weekend. Cotton cash prices were near unchanged amid weak exports and declining prospects for this year’s crop. Wheat prices were lower as supplies from this year’s harvest increased. Corn declined on more favorable weather in the Midwest. As for futures markets, feeder cattle, fed cattle, cotton and lumber were higher while wheat and corn were lower. Most of the state south and east of a line from Presidio to Wichita Falls recorded rainfall during the week with amounts ranging from a trace to more than 5 inches. Topsoil moisture remained in mostly very short to short supply statewide. Wheat harvest was 89 percent complete, well ahead of the normal 68 percent with the crop rated in mostly very poor to poor condition. Corn was 59 percent silked and 41 percent was in dough stage. Grain sorghum planting was 92 percent complete and 68 percent of the crop is headed. The cotton crop was 99 percent planted and 13 percent of the acreage is setting bolls. Most crops were rated in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures remain in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending June 18

Feeder cattle price trends at Texas auctions were again mixed, from $10 lower to $6 higher per hundredweight. The hot, dry weather, poor pasture conditions, tight cattle supplies, higher fed cattle markets and lower grain prices were again the primary market factors. Fed cattle prices were $3 higher following increases in wholesale beef prices. Cotton cash prices were again lower due to weak export sales. Wheat prices were lower as supplies from this year’s harvest increased. Corn declined on more favorable weather in the Midwest. As for futures markets, feeder cattle and fed cattle were higher while cotton, wheat, corn and lumber were lower. Very little rainfall was recorded in the state last week with only a few scattered showers reported north and west of a line from Presidio to Texarkana. Topsoil moisture was reported in mostly short to very short supply statewide. Wheat harvest was 71 percent complete, well ahead of the normal 51 percent with the crop rated in mostly very poor to poor condition. Corn was 58 percent silked. Grain sorghum planting was 87 percent complete and 67 percent of the crop is headed. The cotton crop is 97 percent planted and 12 percent of the acreage is setting bolls, both ahead of normal. Most crops were rated in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures remain in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.




All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com

Agriculture Market Recap for the week ending June 11

Feeder cattle price trends at Texas auctions were mixed, from $5 lower to $5 higher per hundredweight. The hot, dry weather, poor pasture conditions, tight cattle supplies, modestly higher fed cattle markets and fluctuating grain prices were again the primary influences on markets. Fed cattle prices were $1 higher as sellers were able to capture some of the recent increase in packer margins. Cotton cash prices were lower due to weak export sales. Wheat prices declined as harvest of this year’s crop increased supplies. Corn prices were higher after USDA released projections for tighter-than-expected carryover from the 2011 crop. As for futures markets, corn was higher while feeder cattle, fed cattle, cotton, wheat and lumber were lower. Very little rainfall was recorded in the state last week with amounts mostly less than one-half inch reported in parts of East Texas and the Low Plains. Topsoil moisture was reported to be in mostly short to very short supply statewide. Wheat harvest progressed to 46 percent complete, well ahead of the normal 35 percent with the crop rated in mostly very poor to poor condition. Corn planting was completed and 51 percent of the acreage is silking. Grain sorghum was 86 percent planted and 66 percent of the crop is headed. The cotton crop is 94 percent planted and 11 percent of the acreage is setting bolls, both ahead of normal. Most crops were rated in fair to very poor condition with condition indexes well below where they were at this time last year. Pastures remain in mostly very poor to poor condition as supplemental feeding and reductions of livestock herds continue.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending June 4

Feeder cattle price trends at Texas auctions were mixed, from $6 lower to $5 higher. Poor pasture conditions, tight cattle supplies, steady fed cattle markets and fluctuating grain prices were again the primary influences on markets. Fed cattle prices were unchanged. Cotton prices increased because of ongoing concerns that drought in Texas and other parts of the Cotton Belt will reduce 2011 production. Grain prices declined early in the week after Russia announced it intends to resume wheat exports after July 1. Prices rebounded later in the week because of dry conditions in winter wheat areas and planting delays in the eastern Corn Belt. As for futures markets, feeder cattle, fed cattle and cotton were higher, while wheat, corn and lumber were lower. Very little rainfall was recorded anywhere in the state during the week with amounts mostly less than one-half inch in parts of northeast Texas, the Panhandle and far West Texas. Topsoil moisture was rated mostly short to very short, though adequate moisture was noted in areas that have received recent rains. Winter wheat harvest was slightly ahead of normal at 24 percent complete with the crop rated in mostly very poor to poor condition. Cotton was 83 percent planted, with 12 percent squaring and 7 percent setting bolls. Corn planting was nearing completion and 39 percent was silking. Grain sorghum was 77 percent planted and 51 percent of the acreage was headed. Cotton, corn, grain sorghum and peanuts were rated in mostly fair condition. Pastures were rated in mostly very poor to poor condition with supplemental feeding and culling of herds necessary in many areas due to the deepening drought.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending May 28

Feeder cattle price trends at Texas auctions were mixed, from $10 lower to $6 higher. Poor pasture conditions, tight supplies, lower fed cattle markets and fluctuating grain prices were again the primary influences on markets. Fed cattle prices were lower. Cotton prices were lower as export demand continues to falter. Corn and grain sorghum were higher because of continued planting delays in the eastern Corn Belt, while drought on the Great Plains and spring wheat planting delays pushed wheat prices higher. As for futures markets, feeder cattle, fed cattle, cotton and corn were lower while wheat and lumber were higher. Parts of southeast and north-central Texas reported an inch or more of rain, but most of the state recorded little or no rainfall during the week. Topsoil moisture was rated adequate to short in parts of the Blacklands and Northeast Texas, and short to very short elsewhere. By week’s end, wheat was 99 percent headed and 19 percent harvested, both ahead of normal. Cotton was 65 percent planted, slightly behind normal, and 11 percent was squaring. Corn is 98 percent planted and 36 percent of the acreage is silking. Grain sorghum is 78 percent planted and 50 percent of the crop has headed. Corn, cotton, rice and grain sorghum were rated in mostly fair to good condition, while pastures were mostly poor to very poor.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending May 21

Feeder cattle price trends at Texas auctions were mixed, from $3 lower per hundredweight to $6 higher. Some locations were as much as $8 lower and a few were as much as $10 higher. Tight supplies, poor pasture conditions, lower fed cattle markets and fluctuating grain prices were again the primary influences on markets. Cotton prices were higher amid concerns about the drought in Texas and parts of the southeastern United States. Corn and grain sorghum prices increased because of continued planting delays in the eastern Corn Belt. Wheat prices were higher in response to drought in winter wheat growing areas, such as Texas, and planting delays in spring wheat areas. As for futures markets, cotton, wheat, corn and lumber were higher while feeder cattle and fed cattle were lower. Much of the state east of a line from Childress to Del Rio received rainfall during the week ranging from less than one-half inch to more than two inches in some locations. Topsoil moisture remains mostly short to adequate in parts of East and North Texas, but mostly short to very short elsewhere. The winter wheat crop was 97 percent headed and 14 percent of the acreage has been harvested. Corn planting was 97 percent complete and 84 percent has emerged. Cotton was 45 percent planted and 73 percent of the grain sorghum crop has been planted. Corn, rice and soybeans were rated in mostly fair to good condition while grain sorghum was mostly fair to poor. Wheat and pastures were reported in mostly poor to very poor condition.



All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending May 14

Feeder cattle price trends at Texas auctions were mixed, from $5 lower per hundredweight to as much as $6 higher at a few auctions. Tight supplies, lower fed cattle markets and fluctuating grain prices were again the primary influences on markets. Fed cattle prices followed wholesale beef values lower. Cotton prices declined as concerns about short-term demand more than offset the drought in Texas and other parts of the Cotton Belt. Corn, grain sorghum and wheat prices finished the week modestly lower after USDA raised its projections for end-of-year corn supplies. As for futures markets, feeder cattle, fed cattle, cotton, wheat, corn and lumber were all lower. Much of the state east of a line from Del Rio to Wichita Falls received a half-inch or more of rain during the week with locally heavy amounts in excess of three inches. Most other areas received a half inch or less. Topsoil moisture was reported as adequate to short in parts of North and East Texas, and remains mostly short to very short elsewhere. The winter wheat crop was 92 percent headed and 5 percent harvested, both ahead of normal. Corn planting progressed to 93 percent complete and 70 percent of the acreage has emerged. Cotton was 36 percent planted and 72 percent of the grain sorghum was planted. Corn, rice and soybeans were rated in mostly fair to good condition; grain sorghum was rated mostly fair to poor; and wheat and pastures were rated in mostly very poor to poor condition.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending May 7

Feeder cattle prices at Texas auctions were $5 lower to $6 higher per hundredweight as tight supplies, lower fed cattle prices and fluctuating grain prices continue to influence markets. Fed cattle cash prices followed wholesale beef values lower. Cotton prices fell as ongoing concerns about Chinese demand and the general economy more than offset worries about dry conditions in Texas and flooding in the Mississippi Delta. Corn and grain sorghum prices declined on forecasts for favorable planting weather in the Midwest. As for futures markets, feeder cattle, fed cattle, cotton, wheat, corn and lumber were all lower. One-half inch or more of rain fell in an area from east of San Angelo to Texarkana with the heaviest totals northeast of the Dallas-Fort Worth area. Little or no rainfall was recorded elsewhere in the state. Except for parts of north and East Texas, topsoil moisture conditions remain mostly short to very short statewide. The winter wheat crop is 80 percent headed and reported in mostly very poor to poor condition. Corn planting was 87 percent complete and grain sorghum is 71 percent planted, both ahead of the normal pace. Cotton was 24 percent planted and 8 percent of the acreage is squaring. Corn and rice were reported in mostly fair to good condition, while grain sorghum was mostly fair to poor. Pastures remain in mostly very poor to poor condition and need rain statewide.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending April 30

Feeder cattle prices at Texas auctions were $5 lower to $8 higher per hundredweight compared to a week ago as markets continue to fluctuate in response to volatile grain prices, lower fed cattle and beef markets, and overall tight supplies. Fed cattle cash prices followed wholesale beef prices lower. Corn and grain sorghum prices were higher amid ongoing concerns that wet weather in the Midwest will further delay planting. Wheat prices declined as beneficial rains fell in parts of the Great Plains. As for futures markets, corn and lumber were higher while feeder cattle, fed cattle, cotton and wheat were lower. Areas north and east of a line from Lubbock to Houston recorded rainfall ranging from a trace to more than three inches in parts of East Texas. No rain was reported elsewhere in the state. Topsoil moisture supplies remain mostly short to very short with the entire state suffering from some degree of drought, according to the latest U.S. Drought Monitor. Wheat condition continued to decline with 66 percent of the acreage headed and 74 percent reported in poor to very poor condition. Corn planting was slightly ahead of the normal pace at 79 percent complete and the crop was rated in mostly fair to poor condition. Grain sorghum and cotton planting were progressing more slowly than normal at 56 percent and 16 percent complete, respectively. Pastures were rated in mostly poor to very poor condition and need rain statewide.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending April 16

Feeder cattle prices at Texas auctions were mostly $2 to $10 lower per hundredweight. Lower fed cattle prices and high feed grain costs contributed to the decline. The fed cattle cash market followed wholesale beef prices lower. Cotton prices fell after China announced it will reduce usage and some export sales were cancelled. Grain prices were lower as export sales and demand declined somewhat. As for futures markets, feeder cattle, fed cattle, cotton, wheat, corn and lumber were all lower. Parts of East Texas recorded up to one-half inch of rain during the week, with little or no precipitation elsewhere in the state. Topsoil moisture supplies remained short to very short with the U.S. Drought Monitor showing the entire state suffering from abnormally dry to exceptional drought conditions. Wildfire danger remains high with some large West Texas fires still not under control. The wheat crop was rated in mostly poor to very poor condition with 33 percent of the acreage headed, slightly ahead of normal. Planting of corn, grain sorghum and cotton progressed at a slower than normal pace as growers waited for more favorable soil moisture. Forty-eight percent of the corn acreage has emerged, but much of the crop has been stressed by the dry, windy conditions. Pastures were reported in fair to very poor condition and needed rain statewide.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for the week ending April 9

Feeder cattle price trends at Texas auctions were very uneven early in the week, from $6 lower per hundredweight to $8 higher. Later in the week sales were mostly steady to $4 lower. Higher fed cattle markets and higher grain prices contributed to the unevenness. Fed cattle increased along with beef prices to a new record high. Cotton and grain prices were higher for the week as supplies remain tight and demand strong. The very dry conditions throughout the state and in other major wheat growing areas contributed to the increases. As for futures markets, feeder cattle, fed cattle and lumber were lower, while cotton, wheat and corn were higher. Little rainfall was recorded across the state though thunderstorms late on Sunday did produce locally heavy amounts of one-half inch or more, primarily west of I-35 and north of Austin. Topsoil moisture supplies remain mostly short to very short statewide. The wheat crop is 22 percent headed and reported in mostly poor to very poor condition. Corn planting was 55 percent complete and 40 percent of the acreage has emerged, both slightly behind normal. Grain sorghum, rice and soybean planting were ahead of normal. Cotton planting was 11 percent complete, compared to 12 percent on average by this date. Pastures were reported in mostly fair to very poor condition and needing rain statewide.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for week ending April 2

Feeder cattle prices at Texas auctions were mostly steady to $5 higher per hundredweight with some to $8 higher. Fed cattle prices were sharply higher on continued tight supplies and higher wholesale beef prices, which in turn helped push feeder cattle markets higher. Cotton prices were lower for the week, but showed some strength on Thursday after USDA reported lower than expected planting intentions. Wheat and corn were higher after reports showed lower than expected corn inventories. As for futures markets, feeder cattle, fed cattle, wheat and corn were higher while cotton and lumber were lower. Very little rainfall was recorded anywhere in the state during the week with amounts over one-half inch limited to the Dallas-Fort Worth area and a few other widely scattered locations. Topsoil moisture supplies were rated short to very short in most areas and crops and pastures need rain statewide. Ten percent of the winter wheat acreage is headed with the crop reported in mostly fair to very poor condition. Spring planting is ahead of the normal pace with planting progress at 54 percent complete for corn, 10 percent for cotton, 50 percent for grain sorghum and 67 percent for rice. Pastures were reported in mostly fair to very poor condition.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 3/28/11

For the week ending March 26, feeder cattle price trends at Texas auctions were very uneven with some locations as much as $5 lower per hundredweight than the previous week, and some as much as $5 higher. Fluctuating grain prices, lower fed cattle and tight supplies of feeders contributed to the unevenness. Cotton prices were higher for the week because of continued strong export sales and short supplies. Grain prices were also higher on strong exports and concerns about dry weather on the U.S. Central Plains and wet weather in the Midwest. As for futures markets, feeder cattle, fed cattle, cotton, wheat and corn were higher while lumber was unchanged. Little or no rainfall was recorded anywhere in the state during the week. Topsoil moisture supplies were mostly short to very short statewide and crops and pastures in most of the state need rain. The winter wheat crop was 2 percent headed and rated in mostly fair to very poor condition. Fifty-percent of the corn acreage was planted and 16 percent has emerged. Cotton was 8 percent planted, grain sorghum planting stood at 46 percent complete and 44 percent of the state’s rice acreage was planted. Planting progress is ahead of the normal pace for most crops, but additional moisture is needed for germination and growth. Pastures were rated in mostly fair to very poor condition.


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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, http://www.tdamarketnews.com/.

Agriculture Market Recap for 3/21/11

For the week ending March 19, feeder cattle prices at Texas auctions were mostly steady to $7 lower per hundredweight, though early in the week a few locations were $2 to $8 higher. Lower fed cattle prices contributed to the decline, though tight supplies continue to support the market. Fed cattle prices were down by $4 as concerns that the crisis in Japan and turmoil in the Middle East and North Africa will erode demand. Cotton and grain prices declined early in the week, but later recovered at least some of those losses as markets refocused on the continued tight supplies and strong weekly export sales. As for futures markets, wheat, corn and lumber were higher, while feeder cattle, fed cattle and cotton were lower. Some locations in East Texas and on the Plains recorded up to 2 inches of rain, but little precipitation was recorded elsewhere in the state. Soil moisture remains mostly short to very short in West Texas, and mostly short to adequate in East Texas. The wheat crop continues to suffer from the dry conditions with the crop rated in mostly fair to very poor condition. Corn planting was 43 percent complete, ahead of last year and the five-year average. Grain sorghum was 39 percent planted also well ahead of normal. Four percent of the cotton acreage was planted and 16 percent of the rice crop was planted. Pastures in many areas remained dry and in mostly fair to poor condition statewide.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 3/14/11

For the week ending March 12, feeder cattle prices at Texas auctions were mostly $1 to $9 higher per hundredweight. Tight supplies and higher fed cattle continue to support the market. Fed cattle prices were sharply higher as wholesale beef values continued to increase. Cotton and grain prices declined on Thursday in response to USDA’s supply and demand report then dropped even more on Friday amid concerns about the earthquake and tsunami that hit Japan. Japan is a major importer of U.S. agricultural commodities and is the No.1 overseas buyer of U.S. corn and pork. As for futures markets, feeder cattle and fed cattle were higher while cotton, wheat, corn and lumber were lower. Little precipitation was recorded anywhere in the state during the week with amounts generally less than a quarter-inch east of Interstate35 and in the Panhandle. Soil moisture conditions remain mostly short to very short in West Texas and mostly short to adequate in East Texas. The wheat crop continues to suffer from the dry conditions with the crop rated in mostly fair to very poor condition. Corn planting progressed to 28 percent complete, ahead of last year and the five-year average. The grain sorghum crop was 29 percent planted, also well ahead of normal. Pastures are greening up in many areas, but remained dry and in mostly fair to poor condition.

All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 3/07/11

For the week ending March 5, feeder cattle prices at Texas auctions were mostly steady to $10 higher per hundredweight. Tight supplies and higher fed cattle continue to support the market. Fed cattle prices followed wholesale beef values higher. Cotton prices rose to new record highs after China and India lowered their production forecasts, and export sales remained strong in spite of those higher prices. Increasingly tight supplies and higher crude oil markets pushed grain prices higher. Continued dry conditions on the U.S. Plains added to the increase for wheat. As for futures markets, feeder cattle, fed cattle, cotton, wheat, corn and lumber were higher for the week. Little precipitation was recorded anywhere in the state during the week with amounts generally less than a quarter-inch. A few isolated areas in East Texas reported up to an inch of rain. The wheat crop and pastures remain in mostly fair to very poor condition because of the dry weather. Spring planting is underway in many areas, but moisture is needed for crops to germinate. Corn was 14 percent planted, well ahead of 6 percent at this time last year and equal to the five-year average. Grain sorghum was 16 percent planted, compared to only 3 percent a year ago and 8 percent on average. Grass fires remained a problem with continued high fire risk due to the extremely dry conditions and high winds.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 2/28/11

For the week ending Feb. 26, feeder cattle auction prices were mostly steady to $7 higher per hundredweight though a few lower prices were noted later in the week. Tight supplies and higher fed cattle continue to support the market. Fed cattle prices followed wholesale beef values higher. Cotton and grain prices were mostly lower amid concerns that demand will decline if unrest in the Middle East continues and higher oil prices hinder an economic recovery. Markets recovered some of their losses on Friday following a strong export sales report. As for futures markets, fed cattle and corn were higher while feeder cattle, cotton, wheat and lumber were lower. Parts of East Texas reported up to two inches of rain during the week, but little or no precipitation was recorded elsewhere in the state. Soil moisture supplies were reported adequate to short in most of East Texas and mostly short to very short in West Texas. Warmer weather during the week boosted wheat growth, though much of the crop remains stressed by dry conditions and earlier freezes. Statewide, the crop was rated in mostly fair to very poor condition. Preparations for spring planting are underway in many areas with some corn and grain sorghum planted in South and Central Texas. Pastures were rated in mostly fair to poor condition and need moisture in many areas. The extremely dry conditions and very high winds contributed to wildfires in the Cross Timbers region and on the High Plains.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 2/22/11

For the week ending Feb. 19, feeder cattle auction prices were steady to $10 higher per hundredweight with tight supplies, higher fed cattle markets and renewed demand following the winter storms earlier in the month. Fed cattle were up sharply as processors sought to line up supplies in anticipation of higher prices later in the spring. Cotton prices continued to rise because of the tight supplies and strong demand. New export sales to Mexico helped support corn prices. As for futures markets, feeder cattle, fed cattle, cotton and corn were higher while wheat and lumber were lower. Cotton futures surged to a fresh record high of $2.042 per pound on Thursday. Very little precipitation was recorded anywhere in the state during the week with only a few scattered showers, mostly in Central and South Texas, and amounts generally less than one-tenth of an inch. Topsoil moisture remains mostly short to very short in West Texas, and mostly short to adequate elsewhere. Winter wheat was reported in mostly fair to very poor condition and needs moisture in most areas. Field preparations for spring planting are underway statewide. Pastures were also reported in fair to very poor condition with supplemental livestock feed needed in many locations. Spring calving, lambing and kidding remained active.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 2/14/11

For the week ending Feb. 12, feeder cattle auction prices were mostly steady with a few to $5 lower per hundredweight and some to $5 higher as another round of wintry weather reduced receipts at some locations and closed others. Fed cattle prices were near unchanged in spite of lower beef values. Cotton prices ended the week sharply higher as tight world supplies and strong export demand continue to support the market. Corn prices increased after USDA released projections for lower than expected ending stocks. As for futures markets, feeder cattle, cotton, wheat, corn and lumber were higher while fed cattle were lower. Cotton futures topped the all-time record high price ever reported for U.S. cotton of $1.89 per pound during the Civil War. Most of the state north and east of a line from Kingsville to Odessa recorded precipitation during the week with amounts generally less than one-half inch. The winter wheat crop was rated in mostly fair to very poor condition as dry soils and last week’s freezing temperatures continued to impact the crop. Field preparations are underway for spring planting, though moisture is needed in many areas. Pastures were reported in mostly fair to poor condition and livestock in many areas required supplemental feed. Spring calving, lambing and kidding remained active with newborns at risk from last week’s extremely cold temperatures.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 2/07/11

For the week ending Feb. 5, feeder cattle auction price trends were mixed, mostly $3 lower to $3 higher per hundredweight with a few to $9 lower and receipts late in the week limited by wintry weather. Fed cattle prices were $2 higher. Cotton and grain prices were higher on continued strong global demand and tight supplies. Wheat had an added boost from concerns that extremely cold weather on the Plains would damage the crop. As for futures markets, fed cattle, cotton, wheat and corn were higher while feeder cattle and lumber were lower. Cotton futures reached a new all-time record $1.7622 high on Wednesday. Most of the state, except parts of the Trans-Pecos and South Texas, received precipitation during the week with amounts ranging from a trace to two inches in some locations. Much of the moisture fell late in the week as snow and freezing rain. Winter wheat was reported to be in mostly fair to very poor condition. Ice and freezing temperatures damaged wheat and vegetable crops in some areas, but the extent of the damage was not yet known. Pastures remain in mostly fair to poor condition, and livestock across the state required supplemental feed. Spring calving is underway in many areas and the very cold and wet conditions caused problems for some producers.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, http://www.tdamarketnews.com/.

Agriculture Market Recap for 1/31/11

For the week ending Jan. 29, feeder cattle auction prices were mostly steady to $7 lower per hundredweight with a few to $10 lower and some sales later in the week steady to $5 higher. Lower fed cattle and high feed grain prices contributed to the decline. Cotton prices were higher, with the March futures contract hitting an all-time record high on Thursday, due to strong exports, a lower crop estimate for India, strong Chinese demand and dry weather on the Texas High Plains. Strong export sales also pulled wheat higher and weaker sales pushed corn lower. As for futures markets, cotton, wheat and lumber were higher while fed cattle, feeder cattle and corn were lower. Parts of East Texas received up to 2 inches of rain during the week, but little or no rain was reported elsewhere. Topsoil moisture remained mostly adequate to short in the eastern half of the state and mostly short to very short in West Texas. Winter wheat was 96 percent emerged and reported in mostly fair to poor condition. Dry-land wheat on the Plains and in the Cross Timbers region suffered from the very dry conditions. Field preparations for spring planting were underway in many locations. With pastures in mostly fair to poor condition, livestock required supplemental feed in many areas.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website,www.tdamarketnews.com

Agriculture Market Recap for 1/24/11

For the week ending Jan. 22, feeder cattle auction prices were mostly $3 to $10 higher per hundredweight, with a few as much as $20 higher and some to $2 lower. Tight supplies and strong demand for available cattle continued to support the market. Fed cattle prices were lower. Strong exports, a weaker dollar and dry conditions on the Texas High Plains pushed cotton and grain prices higher. As for futures markets, feeder cattle, cotton, wheat, corn and lumber were higher while fed cattle were lower. Areas north of Amarillo and east of a line from Corpus Christi to Uvalde to Fort Worth recorded precipitation during the week with the heaviest amounts falling in parts of East Texas. Topsoil moisture was rated mostly adequate to short in the eastern half of the state, and mostly short to very short in West Texas. The winter wheat crop was rated in mostly fair to poor condition with 95 percent of the acreage emerged. On the Plains, dryland wheat continued to suffer from very dry conditions. Field preparations for spring planting are underway in many locations. Pastures were reported to be in mostly fair to poor condition, and in need of rain in many areas. Livestock required supplemental feed statewide as hay supplies and forage conditions continued to decline.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 1/18/11

For the week ending Jan. 15, feeder cattle auction prices were mostly steady to $10 higher per hundredweight with some locations as much as $15 higher on at least a portion of their offerings. Continued tight supplies of available cattle and higher fed cattle prices contributed to the increase. Fed cattle markets followed wholesale beef prices higher. Cotton cash prices were unchanged after trading higher early in the week in anticipation of Wednesday’s USDA reports, and then declining later after China again raised bank reserve requirements. Grain prices were higher after the USDA reports showed even tighter than expected supplies for most commodities. Wheat gave back some of its gains later in the week as world supplies remain ample compared to other grains. As for futures markets, feeder cattle, fed cattle, cotton, wheat and corn were higher while lumber was lower. Most of the state south and east of a line from Del Rio to Fort Worth recorded precipitation during the week with the heaviest amounts falling in Northeast Texas. Winter wheat was 94 percent emerged with the crop reported in mostly fair to poor condition. On the Plains, dryland wheat continued to suffer from dry conditions while irrigated acreage and wheat in other regions of the state progressed well. Pastures were rated in mostly poor to fair condition. In many areas, livestock required supplemental hay and protein as reports indicated hay supplies were being depleted in some locations.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 1/10/11

For the week ending Jan. 8, feeder cattle auction prices were higher to sharply higher compared to pre-holiday markets. Demand remained strong for the available cattle as buyers attempted to rebuild inventories while the weather was still relatively mild. Fed cattle prices declined, but remain at historically high levels well above a year ago. Cotton cash prices were higher as world demand remains strong for a shrinking supply of cotton. Grain prices decreased thanks to a stronger dollar, beneficial rains in South America and weaker demand at the higher prices seen over the past few weeks. As for futures markets, lumber was higher while feeder cattle, fed cattle, cotton, wheat and corn were lower. Most of the state south and east of a line from Wichita Falls to Pecos recorded precipitation during the week with amounts ranging from a trace to more than two inches in isolated areas. The state’s winter wheat crop was rated in mostly fair to poor condition with 93 percent of the acreage emerged. Wheat in the Blacklands and Cross Timbers regions benefited from recent rains while dry conditions continued to stress wheat on the High Plains. Cotton harvest was completed and field preparations for this year’s crop were underway in some areas. Pastures were rated in mostly very poor to fair condition and livestock across the state were fed supplemental hay and protein.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.

Agriculture Market Recap for 01/04/11

For the week ending Jan. 1, feeder cattle auction prices are not available as all locations covered by Market News were closed for the holidays. The fed cattle market was sharply higher following increases in wholesale beef prices and as processors rebuild post-holiday supplies. Cotton prices were sharply lower after China raised interest rates and set a lower cotton import quota for 2011. Corn and grain sorghum were higher amid ongoing concerns that dry weather in South America will reduce already tight global supplies. Wheat was higher because of the continued dry weather in the major growing areas of the U.S. Central Plains. As for futures markets, feeder cattle, fed cattle, wheat and corn were higher while cotton and lumber were lower. Much of the state north and east of a line from Odessa to Corpus Christi recorded precipitation during the week with the heaviest amounts reported along the Gulf Coast and in northeast Texas. Crop progress and condition information are not available as USDA suspended its weekly report until next week.

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All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our website, www.tdamarketnews.com.