TDA Market Recap, Jan. 25 2016

Texas Department of Agriculture

For the week ending Jan. 22, 2016, Texas feeder cattle auction reported prices $2 to $15 lower with one instance of $2 higher per hundredweight (cwt). Wholesale Beef values were lower, with Choice Grade losing $5.10 to close at $224.83 per cwt and Select Grade losing $3.02 to close at $220.68 per cwt. For the time period of January 8-14, 2016, exporters reported net sales of 8,300 metric tons (MT). Increases were reported for South Korea, Canada and Taiwan. Exports totaled 9,800 MT and were primarily sent to Japan, South Korea and Hong Kong. Read more…

TDA Market Recap, Jan. 11, 2016

Texas Department of Agriculture

For the week ending Jan. 8, 2016, Texas feeder cattle auction reported prices $2 to $25 higher per cwt. Wholesale Beef values were higher, with Choice Grade gaining $14.14 to close at $232.20 per cwt and Select Grade gaining $15.97 to close at $226.98 per cwt. For the time period of Dec. 25-31, net sales totaled 6,100 metric tons (MT) for 2016, and increases were reported for South Korea, Japan and Mexico. Exports totaled 9,200 MT and went primarily to Japan, South Korea and Hong Kong. Read more…

TDA Market Recap, Jan. 5, 2015

Texas Department of Agriculture

For the two-week holiday ending Jan. 2, 2016, Texas feeder cattle auction prices were not available, as reporting locations remained closed through the New Year. Wholesale Beef values were higher, with Choice Grade gaining $17.14 to close at $208.67 per cwt and Select Grade gaining $17.86 to close at $201.51 per cwt. For the time period December 18-24, net sales of beef totaled 4,000 metric tons (MT) and were up noticeably from the previous week but down 18 percent from the prior four-week average. Increases were reported for South Korea, Mexico and Canada. Exports totaled 12,400 MT, which were down 21 percent from the previous week but up one percent from the prior four-week average. The primary destinations were Japan, South Korea and Mexico. Read more…

Dec. 22, 2015: Daily Market Outlook and Analysis

Futures Market Summary Nearby Elec. Contract Close Change High Low Live Cattle $125.600 $2.200 $126.800 $122.225 Feeder Cattle $158.650 $3.150 $160.125 $153.600 Lean Hogs $56.850 $0.400 $57.500 $56.600 Class III Milk $14.53 $0.00 $14.53 $14.50 Corn $3.6625 ($0.0575) $3.7450 $3.6600 Soybean $8.8525 ($0.0600) $8.9500 $8.8500   USDA Beef Complex Item Price Change Choice $191.53 $0.25 Select $183.65 ($0.28) Drop Credit $10.53 ($0.04) Tuesday Recap The live cattle and feeder cattle contracts traded higher today building on a light cash market test $5 to $7/cwt higher than last week. Live cattle were $0.23 to $2.68 higher today. Feeder cattle were $1.65 to $4.20 higher. The CME feeder cattle index was $0.97 higher today to $151.03. Boxed beef was mixed today as Choice was $0.25 higher and Read more…

TDA Market Recap, Dec. 14, 2015

Texas Department of Agriculture

For the week ending Dec. 12, 2015, Texas auctions quoted feeder cattle prices $1 to $20 lower. Wholesale beef values were lower, with Choice Grade losing $0.37 to close at $202.50 per cwt and Select Grade losing $3.93 to close at $186.43 per cwt. Estimated cattle harvest for the week totaled 560,000 head, which was up 18,000 from last week and 6,000 from last year. Net beef sales totaled 7,500 metric tons (MT) for 2015 and were up 40 percent from the previous week but down 15 percent from the prior four-week average. Increases were reported for Japan, South Korea and Hong Kong. Exports totaled 12,900 MT and were up 15 percent from the previous week and five percent from the prior four-week average. The primary destinations were Japan, Hong Kong and South Korea. Read more…

TDA Market Recap, Dec. 8, 2015

Texas Department of Agriculture

For the week ending Dec. 5, 2015, Texas auctions quoted feeder cattle prices $1 to $12 lower. However, one location did report prices $1 to $10 higher. Wholesale beef values were lower, with Choice Grade losing $3.05 to close at $202.60 per cwt and Select Grade losing $3.37 to close at $191.49 per cwt. Estimated cattle harvest for the week totaled 542,000 head, which was up 13,000 from last week but down 2,000 from last year. Read more…

TDA Market Recap, Nov. 17, 2015

Texas Department of Agriculture

For the week ending Nov. 14, 2015, Texas auctions quoted feeder cattle prices $2 to $20 lower. Wholesale beef values were lower, with Choice Grade losing $7.15 to close at $209.30 per cwt and Select Grade losing $7.64 to close at $199.05 per cwt. For the period of Oct. 30 – Nov. 5, 2015, net sales of beef totaled 8,100 metric tons (MT) for 2015 and were up noticeably from the previous week and up 19 percent from the prior four-week average. Increases were reported for Mexico, South Korea and Japan. Exports totaled 13,300 MT and were up 10 percent from the previous week and prior four-week average. The primary destinations were Japan, Hong Kong and South Korea. Read more…

TDA Market Recap, Nov. 9, 2015

Texas Department of Agriculture

For the week ending Nov. 7, 2015, Texas auctions quoted feeder cattle prices $3 to $20 higher, with incidents of $2 to $5 lower. Wholesale beef values were lower, with Choice Grade losing $3.95 to close at $215.66 per hundredweight (cwt) and Select Grade losing $5.27 to close at $207.25 per cwt. Net sales of 3,200 metric tons (MT) for 2015 were up noticeably from the previous week but down 60 percent from the prior four-week average. Increases were reported for Japan, Taiwan and Mexico. Exports of 12,100 MT were down two percent from the previous week but up one percent from the prior four-week average. The primary destinations were South Korea, Japan and Hong Kong. Read more…

TDA Market Recap, Oct. 19, 2015

Texas Department of Agriculture

For the week ending Oct. 17, 2015, Texas auctions quoted feeder cattle prices $2 to $10 higher. Wholesale beef values were higher, with Choice Grade gaining $6.39 to close at $211.69 per cwt and Select Grade gaining $7.24 to close at $206.36 per cwt. Net sales of 14,000 MT for 2015 were up 69 percent from the previous week and 23 percent from the prior 4-week average. Increases were reported for South Korea, Hong Kong and Mexico. Exports of 11,700 MT were up 1 percent from the previous week and 7 percent from the prior 4-week average. The primary destinations were Japan, Hong Kong and South Korea. Read more…

TDA Market Recap, Oct. 12, 2015

Texas Department of Agriculture

For the week ending Oct. 3, 2015, Texas auctions quoted feeder cattle prices $4 to $15 lower with instances of $2 to $15 higher. Wholesale beef values were lower, with Choice Grade losing $0.97 to close at $203.00 per cwt and Select Grade losing $1.16 to close at $197.89 per cwt. Net sales of 8,300 MT for 2015 were down 6 percent from the previous week and 31 percent from the prior 4-week average. Increases were reported for Japan, Mexico and South Korea. Exports of 11,600 MT were up 5 percent from the previous week and 12 percent from the prior 4-week average. The primary destinations were Hong Kong, Japan and South Korea. Read more…

TDA Market Recap, Oct. 5, 2015

Texas Department of Agriculture

For the week ending Oct. 3, 2015, Texas auctions quoted feeder cattle prices $4 to $20 lower. Wholesale beef values were lower, with Choice Grade losing $5.17 to close at $205.77 per cwt and Select Grade losing $8.06 to close at $201.36 per cwt. Net sales of 8,800 metric tons (MT) for 2015 were down 47 percent from the previous week and 32 percent from the prior four-week average. Increases were reported for South Korea, Mexico and Hong Kong. Exports of 11,000 MT were down 10 percent from the previous week but up seven percent from the prior four-week average. The primary destinations were Hong Kong, Japan and South Korea. Read more…

TDA Market Recap, Sept. 28, 2015

Texas Department of Agriculture

For the week ending Sept. 26, 2015, Texas auctions quoted feeder cattle prices $4 to $12 lower. Wholesale beef values were lower, with Choice Grade losing $13.31 to close at $212.23 per cwt and Select Grade losing $10.35 to close at $209.80 per cwt. Net export sales for September 11-17 totaled 16,500 metric tons (MT). This is up 37 percent from the previous week and 36 percent from the previous four-week average. Increased purchases were reported for Japan, Hong Kong and South Korea. Export shipments of 12,300 MT were up 40 percent from the previous week and 25 percent from the prior four-week average. Shipment primarily went to Japan, South Korea and Hong Kong. Read more…

TDA Market Recap, Sept. 14, 2015

Texas Department of Agriculture

For the week ending Sept. 12, 2015, most Texas auctions quoted feeder cattle prices $2 to $15 higher. However, one auction did note prices up to $7 lower per hundredweight (cwt). Wholesale beef values were lower, with Choice Grade losing $2.97 to close at $239.06 per cwt and Select Grade losing $1.37 to close at $226.73 per cwt. Net export sales totaling 10,500 metric tons (MT) for Aug. 28 – Sept. 3 were down 20 percent from the previous week. Export shipments of 9,300 MT were down 14 percent from the previous week. Shipments primarily went to Japan, Mexico and Hong Kong. Read more…

TDA Market Recap, Sept. 9, 2015

Texas Department of Agriculture

For the week ending Sept. 5, 2015, Texas auctions were mixed in their reports on feeder cattle prices, with some noting prices $2 to $10 higher and others reporting instances of $5 to $10 lower per hundredweight (cwt). Wholesale beef values were lower, with Choice Grade losing $3.15 to close at $240.07 per cwt and Select Grade losing $4.56 to close at $228.39 per cwt. Net export sales totaled 13,100 metric tons (MT) for Aug. 21 – 27 and were up three percent from the previous week and 34 percent from the previous four-week average. Export shipments of 10,800 MT were up four percent from the previous week but down five percent from the prior four-week average. Shipments primarily went to Japan, South Korea and Hong Kong. Read more…

TDA Market Recap, Sept. 1, 2015

Texas Department of Agriculture

For the week ending Aug. 29, 2015, Texas auctions quoted feeder cattle prices $3 to $15 lower per hundredweight (cwt). Texas weekly direct feeder cattle sales were fully steady. Wholesale beef values were lower, with Choice Grade losing $0.03 to close at $244.21 per cwt and Select Grade losing $0.48 to close at $233.12 per cwt. Net export sales totaling 12,800 metric tons (MT) for Aug. 14 – 20 were up 54 percent from the previous week. Export shipments of 16,300 MT were up four percent from the previous week. Shipments primarily went to Mexico, Japan and Canada. Read more…

TDA Market Recap, Aug. 25, 2015

Texas Department of Agriculture

For the week ending Aug. 22, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $8 lower to $10 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were fully steady. Wholesale beef values were higher, with Choice Grade gaining $1.74 to close at $246.46 per cwt and Select Grade gaining $0.14 to close at $235.58 per cwt. Net export sales totaling 8,300 metric tons (MT) for Aug. 7 – 13 were down 32 percent from the previous week. Export shipments of 9,900 MT were down four percent from the previous week. Shipments primarily went to Japan, South Korea and Mexico. Read more…

TDA Market Weekly Recap, Aug. 18, 2015

Texas Department of Agriculture

For the week ending Aug. 15, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $5 lower to $7 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were fully steady. Wholesale beef values were higher, with Choice Grade gaining $8.38 to close at $244.72 per cwt and Select Grade gaining $5.30 to close at $235.44 per cwt. Net export sales totaling 12,300 metric tons (MT) for July 31 – Aug. 6 were up noticeably from the previous week. Export shipments of 10,400 MT were down one percent from the previous week. Shipments primarily went to Japan, South Korea and Mexico. Read more…

TDA Market Recap, Aug. 10, 2015

Texas Department of Agriculture

For the week ending Aug. 8, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $2 lower to $8 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were $1.00 to $4.00 higher regaining part of what was lost last week. Wholesale beef values were higher, with Choice Grade gaining $3.09 to close at $264.34 per cwt and Select Grade gaining $0.85 to close at $230.14 per cwt. Net export sales totaling 5,900 metric tons (MT) for July 24 – July 30 were down six percent from the previous week. Export shipments of 10,500 MT were down 11 percent from the previous week. Shipments primarily went to Japan, South Korea, and Mexico. Read more…

TDA Market Recap August 3, 2015

Texas Department of Agriculture

For the week ending Aug. 1, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $10 lower to $4 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were $2 to $10 lower following the weakness that began at the end of last week. Wholesale beef values were higher, with Choice Grade gaining $2.55 to close at $233.25 per cwt and Select Grade gaining $1.06 to close at $229.29 per cwt. Net export sales totaling 6,200 metric tons (MT) for July 17 – July 23 were down 39 percent from the previous week. Export shipments of 11,700 MT were down eight percent from the previous week. Shipments primarily went to Japan, South Korea and Mexico. Read more…

TDA Market Recap, July 27, 2015

Texas Department of Agriculture

For the week ending July 25, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $1 to $12 lower per hundredweight (cwt). Texas weekly direct feeder cattle sales were steady to $2 higher, with instances of up to $4 higher early in the week. However, weakness was noted later in the week as bids began to drop again. Wholesale beef values were lower, with Choice Grade losing $2.60 to close at $230.70 per cwt and Select Grade losing $1.16 to close at $228.23 per cwt. Net export sales totaling 10,100 metric tons (MT) for July 10 –16 were down 12 percent from the previous week. Export shipments of 12,800 MT were up nine percent from the previous week. Shipments primarily went to Japan, South Korea and Mexico. Read more…

TDA Market Recap July 20, 2015

Texas Department of Agriculture

For the week ending July 18, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $1 to $8 lower per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly $1 to $4 lower with some steady sales early in the week. Wholesale beef values were lower, with Choice Grade losing $3.68 to close at $233.30 per cwt and Select Grade losing $4.60 to close at $229.39 per cwt.

TDA Market Recap July 13, 2015 (7/13/2015)

Texas Department of Agriculture

AUSTIN – (July 13, 2015) For the week ending July 11, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $9 lower to $7 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly steady with some firmness evident. Wholesale beef values were lower, with Choice Grade losing $13.14 to close at $236.98 per cwt and Select Grade losing $14.06 to close at $233.99 per cwt. Net export sales for June 26 – July 2 were up noticeably from the previous week. Export shipments of 11,200 metric tons (MT) were up four percent from the previous week. Shipments primarily went to Japan, Canada and South Korea. Cotton cash prices were 2.00 cents lower than the previous week Read more…

TDA Market Recap, June 30, 2015

Texas Department of Agriculture

For the week ending June 27, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $6 lower to $5 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were steady, with some weakness noted later in the week. Wholesale beef values were higher, with Choice Grade gaining $1.80 to close at $253.12 per cwt and Select Grade gaining $1.92 to close at $248.15 per cwt. Net export sales for June 12-18 were up 40 percent from the previous week. Export shipments were down three percent from the previous week, and shipments primarily went to Japan, Canada and South Korea. Read more…

TDA Market Recap, June 22, 2015

Texas Department of Agriculture

For the week ending June 20, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $6 lower to $10 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were steady to $4 higher. Wholesale beef values were higher, with Choice Grade gaining $5.60 to close at $251.32 per cwt and Select Grade gaining $5.81 to close at $246.23 per cwt. Net export sales for June 5-11were down 50 percent from the previous week. Export shipments were up one percent from the previous week, and shipments primarily went to Japan, Hong Kong and South Korea. Read more…

TDA Market Recap, June 15, 2015

Texas Department of Agriculture

For the week ending June 13, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $10 lower to $8 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly steady to $2 lower, with instances of $3 to $4 lower. Wholesale beef values were higher, with Choice Grade gaining $1.07 to close at $245.72 per cwt and Select Grade gaining $2.85 to close at $240.42 per cwt. Net export sales for May 29-June 4 were up 40 percent from the previous week. Export shipments were up 15 percent from the previous week, and shipments primarily went to Japan, Hong Kong and South Korea. Read more…

TDA Market Recap, June 8, 2015

Texas Department of Agriculture

For the week ending June 6, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $2 lower to $10 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly steady to $2 higher, with instances of $4 to $7 higher. Wholesale beef values were lower, with Choice Grade losing $10.34 to close at $244.65 per cwt and Select Grade losing $6.26 to close at $237.57 per cwt. Net export sales for May 22-28 were down 44 percent from the previous week. Export shipments were up seven percent from the previous week, and shipments primarily went to Japan, Hong Kong and South Korea. Read more…

TDA Market Recap, June 1, 2015

Texas Department of Agriculture

For the week ending May 30, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $3 lower to $4 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were steady to $4 higher. Wholesale beef values were higher, with Choice Grade losing $6.08 to close at $254.99 per cwt and Select Grade losing $5.37 to close at $243.83 per cwt. Net export sales for May 15-24 were up 11 percent from the previous week. Export shipments were down three percent from the previous week, and shipments primarily went to Japan, Mexico and South Korea. Read more…

TDA Market Recap, May 27, 2015

Texas Department of Agriculture

For the week ending May 23, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $2 to $5 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly steady to firm. Wholesale beef values were higher, with Choice Grade losing $1.68 to close at $260.25 per cwt and Select Grade losing $3.48 to close at $247.62 per cwt. Net export sales for May 8-14 were up noticeably from the previous week. Export shipments were down one percent from the previous week, and shipments primarily went to Japan, Mexico and South Korea. Read more…

TDA Market Recap, May 18, 2015

Texas Department of Agriculture

For the week ending May 16, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $6 lower to $10 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were steady to $2 higher. Wholesale beef values were higher, with Choice Grade gaining $3.81 to close at $261.93 per cwt and Select Grade gaining $4.28 to close at $251.10 per cwt. Net export sales for May 1-7 were down 42 percent from the previous week. Export shipments were down one percent from the previous week, and shipments primarily went to Japan, Mexico and South Korea. Read more…

TDA Market Recap, May 12, 2015

Texas Department of Agriculture

For the week ending May 9, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $6 lower to$8 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were $1 to $3 higher. Wholesale beef values were higher, with Choice Grade gaining $3.48 to $258.12 per cwt and Select Grade gaining $3.60 to $246.82. Net export sales for April 24-30 were down 19 percent from the previous week. Export shipments were up 11 percent from the previous week, and shipments primarily went to Japan, Mexico and South Korea. Read more…

TDA Market Recap, May 4, 2015

Texas Department of Agriculture

For the week ending May 2, 2015, Texas auctions quoted feeder cattle prices mostly steady, with instances of sales ranging from $2 lower to $3 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were $4 to $7 higher. Wholesale beef values were lower with Choice Grade losing $2.35 to $254.64 per cwt and Select Grade falling $4.40 to $243.22. Net export sales for April 17-23 were down 38 percent from the previous week. Export shipments were down seven percent from the previous week. Read more…

TDA Market Recap, April 28, 2015

Texas Department of Agriculture

or the week ending April 25, 2015, Texas auctions quoted feeder cattle prices steady, with several instances of prices falling below previous sales’ tests. Texas weekly direct feeder cattle sales were $1 to $6 lower. Wholesale beef values were lower, with Choice Grade falling $0.80 to close at $256.99 per cwt and Select Grade falling $3.35 to $247.62 per cwt. Net export sales for April 10-16 were up 79 percent from the previous week. Export shipments were down nine percent from the previous week. Read more…

TDA Market Recap, April 20, 2015

Texas Department of Agriculture

For the week ending April 18, 2015, Texas auctions quoted feeder cattle prices mostly steady, with some prices fluctuating and ranging from $6 lower to $4 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly weak to $4 lower. Wholesale beef values were higher, with Choice Grade gaining $1.28 to close at $257.79 per cwt and Select Grade rising $1.06 to $250.97 per cwt. Net export sales for April 3-9 were down three percent from the previous week. Export shipments were up six percent from the previous week. Read more…

TDA Market Recap, April 6, 2015

Texas Department of Agriculture

For the week ending April 4, 2015, Texas auctions quoted feeder cattle prices mostly steady, ranging from $5 lower to $7 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly were steady to $1 higher. Fed cattle weekly cash sales were $2 higher at $165 per cwt, and wholesale beef values were higher with Choice Grade gaining $3.87 to $255.57 per cwt and Select Grade rising $2.58 to $249.29. Net export sales for March 20-26 were down 60 percent from the previous week, a marketing-year low. Export shipments were down six percent from the previous week. Read more…

TDA Market Recap, March 30, 2015

Texas Department of Agriculture

For the week ending March 28, 2015, Texas auctions quoted feeder cattle prices mostly steady, ranging from $2 to$15 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly $2 to $7 higher with some instances of up to $10 higher. Fed cattle weekly cash sales were $2 higher at $165 per cwt, and wholesale beef values were higher with Choice Grade gaining $6.29 to $250.80 per cwt and Select Grade rising $3.43 to $246.71. Net export sales for March 13-19 were up 13 percent from the previous week. Export shipments were up three percent from the previous week Read more…

TDA Market Recap, March 23, 2015

Texas Department of Agriculture

For the week ending March 21, 2015, Texas auctions quoted feeder cattle prices mostly steady, ranging from $2 to$10 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were mostly steady to $1 higher, with some earlier sales falling below that mark. Fed cattle weekly cash sales were $2 higher at $163 per cwt, but wholesale beef values were higher with Choice Grade gaining $0.39 to $244.51 per cwt and Select Grade falling $0.79 to $243.28. Net export sales for March 6-12 were down 4 percent from the prior four-week average. Export shipments were down four percent from the previous week. Read more…

TDA Market Recap, March 16, 2015

Texas Department of Agriculture

For the week ending March 14, 2015, Texas auctions quoted feeder cattle prices mostly steady and firm, ranging from $2 to $10 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales were $1 to $6 higher. Fed cattle weekly cash sales were higher at $161 per cwt, but wholesale beef values were lower, with Choice Grade falling $4.36 to $244.12 per cwt and Select Grade falling $0.32 to $244.07. Net export sales for February 27-March 5 were up 47 percent from the prior four-week average. Export shipments were up seven percent from the previous week. Read more…

TDA Market Recap, March 9, 2015

Texas Department of Agriculture

For the week ending March 6, 2015, Texas auctions quoted feeder cattle prices mostly steady and firm, ranging from $2 to$10 higher per hundredweight (cwt). Texas Weekly Direct feeder prices were $3 to $7 higher. Fed cattle weekly cash sales were lower at $159 per cwt, and wholesale beef values were mixed with Choice Grade increasing $1.09 to $248.48 per cwt and Select Grade falling $1.18 to $244.39. Net export sales for Feb. 27-March 5 were down 38 percent from last week. Export shipments were up two percent from last week. Read more…

TDA Market Recap, March 3, 2015

Texas Department of Agriculture

For the week ending Feb. 28, 2015, Texas auctions quoted feeder cattle prices mostly higher, ranging from $2 to $4 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales for head below 850 lbs. were $2 to $9 lower. Fed cattle weekly cash sales were lower at $156 per cwt, but wholesale beef values were higher with Choice Grade increasing $7.17 to $247.48 per cwt and Select Grade gaining $7.78 to $245.57. Net export sales for Feb. 13-19 were higher at 13,900 metric tons (MT), up 29 percent from the previous week. Export shipments were consistent with the week before. Read more…

TDA Market Recap, Feb. 23, 2015

For the week ending Feb. 21, 2015, Texas auctions quoted feeder cattle prices mostly steady and firm, ranging from $2 to$16 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales for head under 800 lbs. were $2 to $4 higher, and for head over 800 lbs., prices were $3 to $7 higher. Fed cattle weekly cash sales were lower at $160 per cwt, but wholesale beef values were higher with Choice Grade increasing $2.09 to $240.31 per cwt and Select Grade rising $4.75 to $237.79. Net export sales for Feb. 6-12 were down 22 percent from last week and nine percent from the weekly average. Export shipments were consistent with last week. Read more…