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/.
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