• 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
    • TSCRA Partners
    • FAQs
    • Newsroom
    • Sponsorships
    • Employment
  • What We Do
    • Theft and Law
    • Issues and Policy
    • Education
    • Young Cattle Raisers
    • The Cattleman Magazine
    • Disaster Relief Fund
    • Cattle Raisers Insurance
    • Cattle Raisers Trading Co
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Member Center
    • Join
    • Renew
    • Instructions
  • TSCRA Store
  • Show Search
Hide Search

TDA Market Recap, July 27, 2015

Source: 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.
Cotton cash prices were 0.25 cents higher than the previous week and closed at 61.38 cents per pound. October futures prices settled at 65.84 cents per pound, 0.03 cents lower than last week. For the reporting period of July 13 – 19, the USDA NASS Texas field office indicated that cotton planting was complete. Sixty-eight percent of cotton acreage is in the squaring stage, up 17 percentage points from the previous week but down 10 percentage points from last year. Net export cotton sales were up 79 percent from the previous week’s sales. Shipments were up 27 percent from the previous week but down nine percent from the average.
Wheat cash and futures prices both lost $0.40 to settle at $4.52 per bushel and $5.07 per bushel, respectively. The USDA NASS Texas field office reported that 97 percent of the Texas wheat crop has been harvested, with 47 percent of wheat acreage in good to excellent condition. Net export sales for wheat were 502,800 MT, with increases reported for Chile, China and the Philippines.
Texas corn prices were lower, with cash prices down to $4.18 per bushel and futures prices down to $3.93 per bushel. The USDA NASS Texas field office reported 75 percent of the Texas corn crop is in the silking stage, with 63 percent of corn acreage in good to excellent condition. Corn export sales were down 33 percent from the previous week and 54 percent from the prior four-week average. Export shipments were two percent higher than the previous week and nine percent higher than the average.
This week’s U.S. Drought Monitor for Texas showed a slight worsening of drought conditions for the state, with 4.18 percent of Texas still in some stage of drought intensity. Additionally, none of the state remains in moderate, severe, extreme or exceptional drought. On the national level, drought conditions worsened slightly, with nearly 36 percent of the U.S. experiencing abnormal dryness or some degree of drought, up slightly from last week.
Additional information on agricultural weather, crop progress and agricultural markets can be found on the TDA Market News page.

Week Ending Previous Previous
Texas Cash Markets: July 25, 2015         Week           Year
Feeder Steers $/cwt 215.25 212.11 215.24
Fed Cattle $/cwt 146.00 148.00 162.00
Slaughter Lambs $/cwt 184.00 195.00 160.50
Slaughter Goats $/cwt 260.00 285.00 213.00
Cotton ¢/lb. 61.38 61.13 62.25
Grain Sorghum $/cwt 7.19 7.68 6.16
Wheat $/bu. 4.52 4.92 6.23
Corn $/bu. 4.18 4.45 3.80
Onions $/40lb n/a n/a n/a
Watermelon $/lb 0.22 0.20 0.12
Cabbage $/50 lbs. n/a n/a n/a
Futures Markets:
Feeder Cattle $/cwt 209.68 215.20 220.27
Fed Cattle $/cwt 143.03 146.65 157.30
Cotton ¢/lb. 65.84 65.87 62.49
Wheat $/bu. 5.07 5.47 6.33
Corn $/bu. 3.93 4.20 3.53
Lumber $/MBF 266.70 278.20 324.10

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 Texas direct sales of 650-850 pound medium and large No.1 steers for current delivery. 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 www.TexasAgriculture.gov.
 

Written by:
kristin
Published on:
July 28, 2015

Categories: Market News

Recent Posts

Crime Watch: Cattle missing near Malone

February 8, 2023

Texas & Southwestern Cattle Raisers Association Special Ranger Robert Pemberton, District 10 in …

Continue Reading about Crime Watch: Cattle missing near Malone

Cow-calf Corner: Feeding monensin to beef cows decreases intake but increases efficiency 

February 8, 2023

Paul Beck, Oklahoma State University State Extension Beef Cattle Nutrition Specialist This year …

Continue Reading about Cow-calf Corner: Feeding monensin to beef cows decreases intake but increases efficiency 

Texas crop progress and condition for Feb. 6

February 7, 2023

Most of the state received from trace amounts up to 3 inches of precipitation this week with areas …

Continue Reading about Texas crop progress and condition for Feb. 6

Footer

Who We Are

Why Join
Leadership
Staff
TSCRA Partners
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

© 2023 Texas & Southwestern Cattle Raisers Association; All Rights Reserved.

COPYRIGHT | PRIVACY POLICY | TERMS OF USE