TDA Market Recap, Aug. 25, 2014

Texas Department of Agriculture

For the week ending Aug. 23, 2014, feeder cattle prices quoted by Texas auctions were mostly steady to $6 lower per hundredweight (cwt), though a few locations had prices steady to $5 higher. Texas direct feeder cattle sales were steady to $5 higher. Fed cattle cash prices were $2.60 lower per cwt. Wholesale beef values were lower. Cattle prices have declined amid ongoing concerns about lower demand. However, prices remain at historically-high levels as smaller supplies continue to support the market. Fed cattle are still higher than they were at any time before late June Read more…

TDA Market Recap, Aug. 18, 2014

Texas Department of Agriculture

For the week ending Aug. 18, 2014, feeder cattle prices quoted by Texas auctions were mostly steady to $12 lower per hundredweight (cwt), with a few steady to $5 higher on a portion of their offerings. Texas direct feeder cattle sales were $3 to $10 lower. Fed cattle cash prices were nearly $5 lower per cwt on a very light trade volume. Wholesale beef values were $4 to $5 lower. Cattle prices declined amid ongoing concerns about lower demand in the short term. However, they remain at historically high levels, with supportive supply-demand fundamentals over the long term. Beef export sales for the week were down 21 percent from the previous week and down 23 percent from the prior four-week average. Export shipments were down six percent from a week earlier, but up two percent from a year ago. Read more…

TDA Market Recap, Aug. 11, 2014

Texas Department of Agriculture

For the week ending Aug. 9, 2014, feeder cattle price trends reported by Texas auctions were mixed. Many locations quoted steady prices, with some $2 to $10 higher and others $2 to $5 lower per hundredweight (cwt). Texas direct feeder cattle sales were mostly $2 to $4 higher. Fed cattle cash prices were nearly $3 lower per cwt. Wholesale beef values were $3 to $5 lower than the previous week’s record highs. Cattle markets softened somewhat last week after Russia announced a ban on meat imports from the U.S., but prices remain at historically-high levels. Beef export sales for the week were down 31 percent from the previous week and down 13 percent from the prior four-week average. Export shipments were up four percent from a week earlier and seven percent higher than the average. Read more…

TDA Market Recap, Aug. 4, 2014

Texas Department of Agriculture

For the week ending Aug. 2, 2014, Texas auctions quoted feeder cattle prices mostly steady to $10 higher per hundredweight (cwt), with the largest increases noted early in the week, and mostly steady prices by Friday and Saturday. Texas direct feeder cattle sales were $4 to $7 higher. Fed cattle cash prices were near-unchanged at $162 per cwt. Wholesale beef values posted new record highs for the week, up $4 to $6 per cwt. Tight supplies and strong demand continue to support prices across the cattle sector. Beef export sales for the week were up 60 percent from both the previous week and the prior four-week average. Export shipments were down one percent from the previous week, but up four percent from the average. Read more…

TDA Market Recap, July 28, 2014

Texas Department of Agriculture

For the week ending July 26, 2014, Texas auctions quoted feeder cattle prices mostly steady to as much as $10 higher per hundredweight (cwt), though a few lower prices also were noted early in the week. Texas direct feeder cattle sales were $3 to $7 higher. Fed cattle cash prices were $7 higher to a record of $162 per cwt. Wholesale beef values were $9 to $12 higher, also to new record highs. Prices rebounded across the cattle sector as markets refocused on the tight supplies and continued strong demand. Beef export sales for the week were up 20 percent from the previous week, but down 13 percent from the prior four-week average. Export shipments were up 29 percent from a week earlier and three percent higher than the average. Read more…

TDA Market Recap, July 21, 2014

Texas Department of Agriculture

For the week ending July 19, 2014, Texas auctions quoted feeder cattle prices mostly steady to $6 lower per hundredweight (cwt), with a few as much as $12 lower and some steady to $6 higher. Texas direct feeder cattle sales were weak to $8 lower. Fed cattle cash prices were less than 50 cents lower per cwt. Wholesale beef values were $2 to $3 lower. Prices dipped lower throughout the cattle sector, but remain at near record high levels due to reduced cattle supplies and continued strong demand. Beef export sales for the week were down 50 percent from the previous week and down 37 percent from the prior four-week average Read more…

TDA Market Recap, July 14, 2014

Texas Department of Agriculture

For the week ending July 12, 2014, Texas auctions quoted feeder cattle prices mostly steady to $10 higher per hundredweight (cwt) early in the week. Later, following a drop in futures markets and fed cattle, prices were mostly steady to $4 lower. Texas direct feeder cattle sales were steady to $4 higher. Fed cattle cash prices were down $2.50 from the previous week’s record high. Wholesale beef values were $4 higher per cwt to reach new record highs. Reduced cattle supplies and strong demand continue to support prices throughout the cattle sector. Beef export sales for the week were three times higher than the previous week and up 58 percent from the prior four-week average. Export shipments were up nine percent from a week earlier and up six percent from the average. Read more…

TDA Market Recap, July 7, 2014

Texas Department of Agriculture

Texas auctions quoted feeder cattle prices mostly steady to $5 higher per hundredweight (cwt) in a very light market test. Many locations were closed for the week for the July 4 holiday. Texas direct feeder cattle prices were $1 to $4 higher with the average for steers for current delivery setting new record highs. Fed cattle cash prices were up nearly $4 to a new record high of $158 per cwt. Wholesale beef values were $3 to $4 higher per cwt to also set new record highs. Prices throughout the beef complex continue to find strong support from the very tight cattle supplies and robust domestic demand across the sector. Read more…

TDA Market Recap, June 30, 2014

Texas Department of Agriculture

For the week ending June 28, 2014, Texas auctions quoted feeder cattle prices mostly $2 to $10 higher per hundredweight (cwt), with a few steady and some as much as $15 higher. Texas direct feeder cattle prices were $1 to $7 higher. Strong competition for limited supplies of feeder cattle continues to support the market at record or near-record high levels. Fed cattle cash prices were up more than $4 to a new record high of $154 per cwt. Read more…

TDA Market Recap, June 23, 2014

Texas Department of Agriculture

For the week ending June 21, 2014, Texas auctions quoted feeder cattle prices steady to $12 higher per hundredweight (cwt), with a few as much as $20 to $30 higher on some classes. Texas direct feeder cattle prices were mostly $1 to $4 higher, with some $8 higher. Strong demand and limited supplies of feeder cattle continue to support the market. Fed cattle cash prices were almost $3 higher per cwt. Read more…

TDA Market Recap, June 16, 2014

Texas Department of Agriculture

For the week ending June 14, 2014, Texas auctions quoted feeder cattle prices steady to as much as $12 higher per hundredweight (cwt). Texas direct feeder cattle prices were mostly $6 to $12 higher. Strong demand and limited supplies of feeder cattle continue to support the market. Feeder cattle futures on Friday closed at a new record high of $208 per cwt. Fed cattle cash prices were $1.50 to $2 higher per cwt. Wholesale beef values were higher. Beef exports for the week ending June 5 totaled 6,700 metric tons (MT), down 60 percent from the previous week and 51 percent lower than the prior four-week average. Export shipments of 14,400 MT were up 20 percent from the previous week and three percent from the average. Read more…

TDA Market News, May 27, 2014

Texas Department of Agriculture

For the week ending May 24, 2014, feeder cattle prices reported by Texas auctions were steady to $10 higher per hundredweight (cwt). Auctions in some areas noted higher volumes of cows and bulls as ranchers reduced stocking rates in response to very dry conditions. Texas direct feeder cattle prices were mostly $3 to $7 higher, with a few as much as $9 higher. Tight supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were $1 lower. Read more…

TDA Market Recap May 19, 201

Texas Department of Agriculture

For the week ending May 17, 2014, feeder cattle prices reported by Texas auctions were mostly steady to $6 higher per hundredweight (cwt), with a few locations as much as $8 higher on a portion of their offerings. Texas direct feeder cattle prices were steady to $3 higher. Lower supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were $1.35 lower. Wholesale beef values were higher. Read more…

TDA Market Recap, May 13, 2014

Texas Department of Agriculture

For the week ending May 10, 2014, feeder cattle prices reported by Texas auctions were mostly steady to $5 higher per hundredweight (cwt), though a few locations were as much as $4 lower on a portion of their offerings. Texas direct feeder cattle prices were $1 to $7 higher. Tight supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were steady. Wholesale beef values were lower. Beef export sales for the week totaled 12,500 metric tons (MT), up 10 percent from the previous week, but down 28 percent from the prior four-week average. Shipments of 13,500 MT were up 13 percent from the previous week and 10 percent from the average. Read more…

TDA Market Recap, May 6, 2014

Texas Department of Agriculture

Source: Texas Department of Agriculture For the week ending May 3, 2014, feeder cattle prices reported by Texas auctions were steady at many locations. However, a few noted weaker prices on a portion of their offerings, most often lighter-weight feeders, and some reported prices as much as $8 higher per hundredweight (cwt). Texas direct feeder cattle prices were steady to $2 higher early in the week and as much as $5 higher later in the week. Tight supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were $0.73 higher per cwt. Wholesale beef values were lower. Cumulative cattle slaughter year-to-date is running 6.1 percent behind a year ago. Weekly beef export sales totaled 11,400 metric tons (MT), down 37 Read more…

TDA Market Recap, April 28, 2014

Texas Department of Agriculture

Source: Texas Department of Agriculture For the week ending April 26, 2014, feeder cattle prices reported by Texas auctions were mostly steady compared to their previous sale, though a few locations were as much as $5 lower per hundredweight (cwt) on a portion of their offerings and some were $5 higher. Texas direct feeder cattle prices were steady on cattle weighing less than 800 pounds and steady to $3 higher on heavier weights. Tight supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were $0.67 lower per cwt. Wholesale beef values were higher. Beef export sales of 18,000 metric tons (MT) were down 18 percent from the previous week, but up seven percent from the prior four-week average. Read more…

TDA Market Recap, April 14, 2014

Texas Department of Agriculture

For the week ending April 12, 2014, feeder cattle prices reported by Texas auctions were mostly steady to $6 higher per hundredweight (cwt) compared to their previous sale. However, a few locations also noted lower prices, especially on feeders weighing 700 pounds or more. Texas direct feeder cattle prices were steady on cattle weighing less than 800 pounds, but lower on heavier weights. Tight supplies and strong demand continue to support the feeder cattle market. Read more…

TDA Market Recap, April 7, 2014

Texas Department of Agriculture

Source: Texas Department of Agriculture For the week ending April 5, 2014, feeder cattle prices reported by Texas auctions were mostly steady to $5 higher per hundredweight (cwt) compared to their previous sale. Some locations were as much as $15 higher, but a few were $4 lower on a portion of their offerings. Texas direct feeder cattle prices were $1 to $4 higher. Tight supplies and strong demand continue to support the feeder cattle market. Fed cattle cash prices were $2 lower at $148 per cwt. Wholesale beef values were lower. Beef export sales for the week totaled 13,800 metric tons (MT), up four percent from the previous week, but down six percent from the prior four-week average. Export shipments of 12,200 MT were Read more…

TDA Market Recap, March 31, 2014

Texas Department of Agriculture

Source: Texas Department of Agriculture For the week ending March 29, 2014, feeder cattle prices reported by Texas auctions were mostly steady to $5 higher per hundredweight (cwt) compared to their previous sale. Some locations were as much as $10 higher, but a few were $3 lower on a portion of their offerings. Texas direct feeder cattle prices were $1 to $5 higher. Tight supplies and strong demand continue to support the feeder cattle market, but prices also fluctuate depending on the types and condition of cattle being sold and specific buyer requirements at each particular sale on a particular day. Fed cattle cash prices were steady at $150 per cwt. Wholesale beef values were lower. Weekly beef export sales of 13,300 metric tons Read more…

TDA Market Recap, March 17, 2014

Texas Department of Agriculture

For the week ending March 15, 2014, Texas feeder cattle auctions reported prices mostly steady to $5 higher per hundredweight (cwt), with a few locations as much as $10 higher, but some as much as $6 lower. Texas direct feeder cattle prices were steady to $4 higher. Fed cattle cash prices held steady at $148 per cwt. Wholesale beef values set new record highs last week, with Choice-grade cuts averaging $241.51 on Wednesday. Tight supplies and strong demand continued to support the entire cattle sector, but some fluctuations are also to be expected. Read more…