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…

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…