TDA Market Recap, Oct. 20, 2014

Texas Department of Agriculture

For the week ending Oct. 18, 2014, feeder cattle prices quoted by Texas auctions were mostly steady to $8 higher per hundredweight (cwt) early in the week, but mostly steady to $5 lower at week’s end. Sharply lower feeder cattle futures pulled cash markets lower in spite of continued strong demand from feedlots and from ranchers needing cattle to turn out on fall and winter pastures. Texas direct feeder cattle sales were mostly $2 to $8 lower, though a few sold at steady prices early in the week. Fed cattle cash sales were steady. Read more…

TDA Market Recap, Oct. 13, 2014

Texas Department of Agriculture

For the week ending Oct. 11, 2014, feeder cattle prices quoted by Texas auctions were mostly steady to $5 higher per hundredweight (cwt) compared to their previous sale, with some locations as much as $10 higher. Demand was strongest for lighter weight offerings to turn out on fall and winter pastures. Texas direct feeder cattle sales were mostly $3 to $6 higher. Fed cattle cash sales were $2 higher. Wholesale beef values were higher. Limited supplies continue to support prices throughout the cattle-beef complex. Beef export sales for the week were up 18 percent from the previous week and five percent higher than the prior four-week average. Export shipments were up two percent from the previous week and five percent above the average. Read more…

TDA Market Recap, Oct. 6, 2014

Texas Department of Agriculture

For the week ending Oct. 4, 2014, feeder cattle prices quoted by Texas auctions were as much as $14 higher per hundredweight (cwt) compared to their previous sale. Lighter weight offerings posted the largest increases, though unweaned calves continue to carry a significant discount to their weaned counterparts. Texas direct feeder cattle sales were mostly $2 to $6 higher. Fed cattle cash sales were $3 higher in very light trade. Wholesale beef values were higher. Limited supplies continue to support prices throughout the cattle-beef complex. Beef export sales were down two percent from the previous week and eight percent lower than the prior four-week average. Export shipments were up three percent from a week earlier and five percent higher than the average. Read more…

TDA Market Recap, Sept. 30, 2014

Texas Department of Agriculture

For the week ending Sept. 27, 2014, feeder cattle prices quoted by Texas auctions were mostly steady compared to their previous sale, with some $8 lower to $10 higher per hundredweight (cwt). Texas direct feeder cattle sales were also mostly steady, with a few $3 higher. No fed cattle cash sales were reported. Formula trades were $1 lower on a dressed basis. Wholesale beef values were lower. Limited cattle supplies continue to support the market. Beef export sales for the week totaled 12,200 metric tons (MT), down 22 percent from the previous week and 3 percent from the prior four-week average. Export shipments of 13,400 MT were down 10 percent from a week earlier, but up 1 percent from the average. Read more…

TDA Market Recap, Sept. 22, 2014

Texas Department of Agriculture

For the week ending Sept. 20, 2014, feeder cattle prices quoted by Texas auctions were $5 lower to $7 higher per hundredweight (cwt), with fleshy, unweaned calves posting the largest declines and preconditioned yearlings showing the most strength. Texas direct feeder cattle sales were steady to $4 higher, though some weakness was noted late in the week. Fed cattle prices were $2 lower. Wholesale beef values were lower. Cattle and beef markets softened somewhat last week, but remain at historically-high levels as limited supplies continue to support the market. Read more…

TDA Market Recap, Sept. 15, 2014

Texas Department of Agriculture

For the week ending Sept. 13, 2014, feeder cattle prices quoted by Texas auctions were mostly $2 to $7 higher per hundredweight (cwt) early in the week and then mostly steady later in the week. Texas direct feeder cattle sales were $4 to $12 higher. Fed cattle cash prices were steady. Wholesale beef values were higher for Choice cuts, but lower for Select-grade offerings. Smaller supplies continue to support cattle markets; however, lower beef prices limited the gains, especially later in the week. Read more…

TDA Market Recap for Sept. 8, 2014

Texas Department of Agriculture

For the week ending Sept. 6, 2014, feeder cattle prices quoted by Texas auctions were steady to $10 higher per hundredweight (cwt) early in the week, and then $1 to $8 higher later in the week. Texas direct feeder cattle sales were $3 to $10 higher. Fed cattle cash prices were more than $6 higher. Wholesale beef values were higher. Prices strengthened across the cattle complex last week, starting with beef values and then carrying through to the feeder cattle. Limited supplies and strong demand continue to support the market. Beef exports were down four percent from the previous week, but up four percent from the prior four-week average. Export shipments were down nine percent from a week earlier and 10 percent below the average. Read more…

TDA Market Recap, Sept. 2, 2014

Texas Department of Agriculture

For the week ending Aug. 30, 2014, feeder cattle prices quoted by Texas auctions were mixed, from $8 lower to $5 higher per hundredweight (cwt). Texas direct feeder cattle sales were steady to $4 higher. Fed cattle cash prices were $3 higher. Wholesale beef values were lower. Cattle prices recovered somewhat last week, but remained under pressure from the lower beef values. The limited cattle supplies and continued strong demand should continue to support markets over the longer term. Beef export sales for the week were up 47 percent from the previous week, but down seven percent from the prior four-week average. Exports were up four percent from the previous week, but down two percent from the average. Read more…

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…