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 and 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…

TDA Market Recap, Feb. 17, 2015

Texas Department of Agriculture

For the week ending Feb. 14, 2015, Texas auctions quoted feeder cattle prices steady to strong, ranging from $3 to $20 higher per hundredweight (cwt). Texas weekly direct feeder cattle sales continued to be steady to $2 lower. Fed cattle weekly cash sales were steady at $162 per cwt, but wholesale beef values were slightly lower. Net export sales for Jan. 30-Feb. 5 were down one percent from last week, but up 23 percent from the weekly average. Export shipments were up 22 percent from last week. Read more…

TDA Market Recap, Feb. 9, 2015

Texas Department of Agriculture

For the week ending Feb. 7, 2015, Texas auctions quoted feeder cattle prices $3 to $12 lower per hundredweight (cwt) during first part of the week, though some auctions reported a recovery in prices of $2 to $10 higher at the week’s end. Texas weekly direct feeder cattle sales were steady to $2 lower. Fed cattle weekly cash sales were higher, ranging from $160 to $162 per cwt. Wholesale beef values continued their decline, with Choice Grade down $239.08 per cwt and Select Grade down to $233.81. Weekly net export sales for beef for the week of Jan. 23-29 totaled 14,000 metric tons (MT), up 40 percent from last week, but export shipments of 9,400 MT were 13.8 percent lower. Read more…

TDA Market Recap, Jan. 2, 2015

Texas Department of Agriculture

For the week ending Jan. 31, 2015, Texas auctions quoted feeder cattle prices $3 to $12 lower per hundredweight (cwt) during first part of the week, though some auctions reported a recovery in prices of $2 to $10 higher at the week’s end. Texas weekly direct feeder cattle sales were down $3 to $13, with heavier cattle taking the largest losses. Fed cattle weekly cash sales were lower at $159 per cwt. Wholesale beef values were sharply lower again, with Choice Grade down 4.5 percent from last week and Select Grade down 4.6 percent. Read more…

TDA Market Recap, Jan. 27, 201

For the week ending Jan. 24, 2015, Texas auctions quoted feeder cattle prices $2 to $15 lower per hundredweight (cwt). Texas direct feeder cattle sales were down $4 to $12, with prices continuing to follow futures markets lower. Fed cattle weekly cash sales were lower at $160 per cwt. Wholesale beef values were lower than last week, down 2.6 percent to $253.74 for Choice Grade beef cut-out and down 1.4 percent to $247.23 for Select Grade. Weekly net export sales for Jan. 9-15 totaled 9,600 metric tons (MT), down 14 percent from a week ago, and export shipments of 11,000 MT were 13 percent lower in comparison to last week. Read more…

TDA Market Recap, Jan. 20, 2015

Texas Department of Agriculture

For the week ending Jan. 17, 2015, Texas auctions quoted feeder cattle prices mostly steady to $5 higher early in the week, though auctions held on Thursday, Friday and Saturday reported prices $3 to $15 lower per hundredweight (cwt). Texas direct feeder cattle sales were $2 to $12 lower, noting a steady decline through the week because of the uncertainty in the futures markets. Fed cattle weekly cash sales were inactive most of the week, with some head quoted lower at $164 per cwt over the weekend. Read more…

TDA Market Recap, Jan. 12, 2015

For the week ending Jan. 10, 2015, Texas auctions quoted feeder cattle prices mostly steady to $10 higher, with one sale location reporting an increase as high as $30 in comparison to pre-holiday prices. Texas direct feeder cattle sales were $2 to $9 higher. Fed cattle weekly cash sales were slow later in the week, though prices were quoted at $170 per hundredweight (cwt) last Thursday, up about five percent from last week. Wholesale beef values continued their increase to close at $256.79 per cwt for Choice Grade cut-out and $248.23 per cwt for Select Grade. Weekly export sales beginning Jan. 1 totaled 6,000 metric tons (MT), with Japan, Chile and Mexico as the top buyers. Export shipments of 7,700 MT went primarily to Japan, Hong Kong and South Korea. Accumulated exports of 680,200 MT for 2014 were down two percent from the previous year. Read more…

TDA Market Recap, Jan. 6, 2015

Texas Department of Agriculture

For the two-week period ending Jan. 3, 2015, Texas feeder cattle auction prices were not available due to reporting locations remaining closed through the holidays. Texas direct feeder cattle sales were steady to $3 higher. As of Dec. 28, fed cattle weekly cash sales were reported at $162 per hundredweight (cwt) for Texas, Oklahoma and New Mexico. Texas formula trades dropped three percent over the holiday break, but wholesale beef values experienced a sharp increase for both Choice and Select grades. Weekly export sales for Dec. 19-25 were up 31 percent from the previous week and four percent from the prior four-week average. Export shipments were down 31 percent from the previous week and 33 percent from the average. Read more…

TDA Market Recap, Dec. 22, 2014

Texas Department of Agriculture

For the week ending Dec. 20, 2014, Texas auctions quoted feeder cattle prices $3 to $10 lower per hundredweight (cwt). Texas direct feeder cattle sales were $5 to $12 lower. Fed cattle cash sales were inactive Thursday and Friday, though the week did see another dip in price, down to $157 per cwt. Texas formula trades were unevenly priced during the week. Wholesale beef values were lower to sharply lower. Weekly export sales were up ten percent from last week, but down three percent from the prior weeks’ averages. Export shipments were down one percent from the previous week, but ten percent higher than average. Read more…

TDA Market Recap, Dec. 16, 2014

Texas Department of Agriculture

For the week ending Dec. 13, 2014, Texas auctions quoted feeder cattle prices unevenly steady from $7 lower to $5 higher per hundredweight (cwt), with some locations reporting weak sales and some prices as much as $10 lower. Texas direct feeder cattle sales were weak to $3 lower. Fed cattle cash sales were significantly lower from two weeks ago, with some down $9 to end at $164 per cwt. Texas formula trades were almost $2 lower. Wholesale beef values were sharply lower. Weekly export sales were up 31 percent from last week, but down two percent from the prior weeks’ averages. Export shipments were up 24 percent from the previous week and 14 percent higher than average. Read more…

TDA Market Recap, Dec. 9, 2014

Texas Department of Agriculture

For the week ending Dec. 6, 2014, Texas auctions quoted feeder cattle prices mostly steady to $8 higher per hundredweight (cwt), with a few locations as much as $15 higher and some $3 to $4 lower. Texas direct feeder cattle sales were $1 to $4 lower. No cash fed cattle sales were reported for Texas, while prices were $5 lower per cwt in Kansas and Nebraska. Texas formula sales were $1 higher. Wholesale beef values were lower. Weekly beef exports were down 33 percent from the previous week and down 23 percent from the prior four-week average. Export shipments were down eight percent from the previous week and 13 percent lower than the average. Read more…

TDA Market Recap, Dec. 1, 2014

Texas Department of Agriculture

For the week ending Nov. 29, 2014, Texas auctions quoted feeder cattle prices from $12 higher to $4 lower with only a few locations reporting. Most auctions were closed for the week in observance of the Thanksgiving holiday. Texas direct feeder cattle sales were mostly steady. Fed cattle cash sales were $1 higher in very light confirmed trade. Wholesale beef values were higher. Beef export sales for the week were down 16 percent from the previous week and six percent below the prior four-week average. Export shipments were down five percent from a week earlier and six percent lower than the average. Read more…

TDA Market Recap for Nov. 24, 2014

Texas Department of Agriculture

For the week ending Nov. 22, 2014, Texas auctions quoted feeder cattle prices mostly steady to $5 higher per hundredweight (cwt), with a few locations $5-$10 higher on a portion of their offerings. Texas direct feeder cattle sales were steady to $2 higher. Fed cattle cash sales were $2.50 higher in very light confirmed trade. Wholesale beef values were higher. Beef export sales for the week were up 69 percent from the previous week and up 26 percent from the prior four-week average. Export shipments were up 3 percent from a week earlier, but down 4 percent from the average. Read more…

TDA Market Recap for Nov. 17, 2014

Texas Department of Agriculture

For the week ending Nov. 15, 2014, Texas auctions quoted feeder cattle prices steady to as much as $20 higher per hundredweight (cwt), with light-weight offerings posting the largest gains. Texas direct feeder cattle sales were $1 to $4 higher. Fed cattle cash sales were nearly $3 higher for the week. Wholesale beef values were higher. Beef export sales for the week were up 16 percent from the previous week, but down 25 percent from the prior four-week average. Export shipments were down nine percent from a week earlier and 10 percent lower than the average. Cumulative exports are down 1.2 percent from this time last year. Read more…

TDA Market Recap, Nov. 4, 2014

Texas Department of Agriculture

For the week ending Nov. 1, 2014, feeder cattle prices quoted by Texas auctions were mostly steady to $6 higher per hundredweight (cwt), with a few steady to $4 lower. Texas direct feeder cattle sales were $1 to $4 higher. Fed cattle cash sales were down $2 from the previous week’s record high. Very tight cattle supplies continue to support markets, but higher grain prices pressured feeders and demand worries caused fed cattle prices to ease back from a record high. Wholesale beef values were higher. Beef export sales for the week were more than 2.5 times the previous week and nearly double the prior four-week average. Export shipments were down 11 percent from a week earlier and eight percent lower than the average. Read more…

TDA Market Recap, Oct. 27, 2014

Texas Department of Agriculture

For the week ending Oct. 25, 2014, feeder cattle prices quoted by Texas auctions were uneven, with some $5 lower per hundredweight (cwt) and others up to $8 higher. Texas direct feeder cattle sales were weak to $4 lower early in the week and mostly steady to $5 higher later in the week. Fed cattle cash sales were up $6 to a record-high of $170 per cwt. Very tight cattle supplies continue to support markets. Wholesale beef values were lower. Beef export sales for the week were down five percent from the previous week and 34 percent lower than the prior four-week average. Export shipments were up two percent from a week earlier and five percent higher than the average. Read more…