• Skip to primary navigation
  • Skip to main content
Texas and Southwestern Cattle Raisers Association

Texas and Southwestern Cattle Raisers Association

To Honor and Protect the Ranching Way of Life

  • Who We Are
    • Why Join
    • Leadership
    • Staff
    • Allied Members
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Membership Center
    • Membership Center Instructions
  • Join
  • Renew
  • Show Search
Hide Search

TDA Market Recap, Nov. 12, 2013

Source: Texas Department of Agriculture
For the week ending Nov. 9, 2013, Texas auctions reported feeder cattle prices were mostly steady to $7 higher per hundredweight (cwt), with a few as much as $10 higher, but some $6 lower. Texas direct feeder cattle sales were mostly steady. Dwindling numbers of yearling cattle in the auction mix, tight overall supplies and grain prices that are much lower than a year ago continued to support the market.
Fed cattle cash prices declined more than $1 per cwt from the previous week’s record high. Wholesale values were lower for Choice-grade beef, but higher for Select-grade offerings. Weekly beef export sales were a negative 18,500 metric tons, as cancellations outweighed new orders. Shipments totaled 13,300 metric tons; Hong Kong, Japan and Mexico were the top destinations.
Cotton prices were lower due to the advancing harvest and projections for larger U.S. and world supplies. Weekly export sales were higher than expected and nearly three times higher than the average needed to meet USDA projections for the marketing year. However, shipments came in lower than expected.
Wheat prices were lower due to continued favorable weather in the U.S. and lower export prices from India. Weekly export sales were well above expectations and nearly double the weekly average needed to meet annual projections.
Corn prices were unchanged and grain sorghum was higher. Forecasts for higher production were offset by much better than expected export sales.
Futures markets were higher for feeder cattle, fed cattle, cotton and lumber, unchanged for corn and lower for wheat.
Most of the state recorded rainfall during the week, with an inch or more reported in parts of South, West-Central and North Texas. More details on agricultural weather and crop conditions are available in the weekly USDA NASS “Texas Crop Progress and Condition” report at www.texasagriculture.gov..

Week Ending

Previous

Previous

Texas Cash Markets:

 Nov. 9, 2013

             Week            Year
Feeder Steers $/cwt

184.13

180.31

153.16

Fed Cattle $/cwt

131.00

132.33

125.92

Slaughter Lambs $/cwt

155.00

150.00

136.00

Slaughter Goats $/cwt

201.00

191.00

189.00

Cotton ¢/lb.

77.25

77.50

67.75

Grain Sorghum $/cwt

7.40

7.32

12.79

Wheat $/bu.

7.12

7.37

8.78

Corn $/bu.

4.77

4.77

7.87

Oranges $/carton

14.95

15.20

13.40

Grapefruit $/carton

19.25

19.30

17.30

Cabbage $/50 lbs.

7.50

8.00

8.00

 
Futures Markets:
Feeder Cattle $/cwt

164.42

163.50

144.20

Fed Cattle $/cwt

132.40

132.07

125.75

Cotton ¢/lb.

76.88

76.58

69.58

Wheat $/bu.

7.09

7.34

9.22

Corn $/bu.

4.27

4.27

7.39

Lumber $/MBF

372.90

362.50

325.00

MBF = thousand board feet
All cash prices above are market averages for locations covered by the USDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No.1 steers at the Oklahoma City National Stockyards. Futures prices are quoted for the nearest month contract on the last trading day of the week. Timber prices are from the Texas A&M Forest Service, bimonthly “Texas Timber Price Trends.”
For additional information, contact TDA at 800-835-5832 or visit our website, www.TexasAgriculture.gov.

Written by:
kristin
Published on:
November 13, 2013

Categories: Market News

Recent Posts

Texas crop progress and condition for July 6

July 5, 2022

While isolated areas of the Upper Coast received considerable rainfall, most of the state received …

Continue Reading about Texas crop progress and condition for July 6

Crime Watch: Equipment stolen near Wolfe City

July 5, 2022

Texas & Southwestern Cattle Raisers Association Special Ranger Robert Pemberton, District 11 in …

Continue Reading about Crime Watch: Equipment stolen near Wolfe City

Editorial: Recent cases highlight the importance of courts

July 5, 2022

by Brian McLaughlin As we celebrate America’s independence, it is a fitting time to recognize one …

Continue Reading about Editorial: Recent cases highlight the importance of courts

Footer

Who We Are

Why Join
Leadership
Staff
Allied Members
FAQs
Newsroom
Sponsorships
Employment

What We Do

Theft and Law
Issues and Policy
Education
Young Cattle Raisers
The Cattleman Magazine
Cattle Raisers Insurance
Cattle Raisers Trading Co.
Texas and Southwestern Cattle Raisers Association

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Media Kit
Tip Hotline
Get Involved
Links

Membership

Membership Center
Membership Center Instructions
Join
Renew
  • Email
  • Facebook
  • Instagram
  • Twitter
  • YouTube

PO BOX 101988
FORT WORTH, TX 76185

1-800-242-7820

© 2022 Texas and Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE

We Live For This Land