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…

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…