• 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

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

TDA Market Recap, Oct. 12, 2015

Source: Texas Department of Agriculture
For the week ending Oct. 3, 2015, Texas auctions quoted feeder cattle prices $4 to $15 lower with instances of $2 to $15 higher. Wholesale beef values were lower, with Choice Grade losing $0.97 to close at $203.00 per cwt and Select Grade losing $1.16 to close at $197.89 per cwt. Net sales of 8,300 MT for 2015 were down 6 percent from the previous week and 31 percent from the prior 4-week average. Increases were reported for Japan, Mexico and South Korea. Exports of 11,600 MT were up 5 percent from the previous week and 12 percent from the prior 4-week average. The primary destinations were Hong Kong, Japan and South Korea.
Cotton cash prices were unchanged at the end of the week, closing at 59.62 cents per pound. October futures prices settled at 61.61 cents per pound, gaining 0.68 cents for the week. Net upland sales totaling 206,900 RB for 2015/2016 were up 76 percent from the previous week and up noticeably from the prior 4-week average. Increases were reported for Mexico, Vietnam and Turkey. Exports of 126,600 RB were up 80 percent from the previous week and 35 percent from the prior 4-week average. The primary destinations were Indonesia, Mexico and Turkey.
Wheat prices were lower at the close of last week with cash and futures prices both losing $0.02 to settle at $4.18 and $5.00 per bushel, respectively. Net sales of 288,200 metric tons for delivery in marketing year 2015/2016 were up noticeably from the previous week and 12 percent from the prior 4-week average. Increases were reported for Thailand, South Korea and the Philippines. Exports of 567,500 MT were unchanged from the previous week, but up 2 percent from the prior-4 week average. The primary destinations were Thailand, Japan and the Philippines.
Corn cash and futures prices were lower at the close of last week. Cash and futures prices both lost $0.11 to close at $3.92 per bushel and $3.83 per bushel, respectively. Net sales of 519,700 MT for 2015/2016 were down 31 percent from the previous week. Increases reported for Mexico, Panama and Bangladesh. Exports of 489,900 MT were down 40 percent from the previous week. The primary destinations were Mexico, Japan and Bangladesh. .
This week’s U.S. Drought Monitor for Texas showed a worsening drought conditions for the state, with 70.30 percent of Texas still in some stage of drought intensity, up 4.81 percentage points from last week. Additionally, 24.66 percent of the state remains in severe, extreme, or exceptional drought, up 24.66 percentage points from three months ago. On the national level, drought conditions improved slightly with 51.01 percet of the U.S. experiencing abnormal dryness or some degree of drought, down 4.08 percentage points 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:   Oct. 10, 2015          Week            Year
Feeder Steers $/cwt 182.82 182.82 237.64
Fed Cattle $/cwt n/a 118.00 164.00
Slaughter Lambs $/cwt 189.00 190.00 194.00
Slaughter Goats $/cwt 261.00 251.00 222.50
Cotton ¢/lb. 59.62 58.87 64.75
Grain Sorghum $/cwt 6.03 6.15                 5.83
Wheat $/bu. 4.18 4.19 5.54
Corn $/bu. 3.92 3.99 3.84
Futures Markets:        
Feeder Cattle $/cwt 188.97 179.50 240.50
Fed Cattle $/cwt 130.77 123.07 164.90
Cotton ¢/lb. 61.61 59.20 64.10
Wheat $/bu. 5.00 5.01 5.78
Corn $/bu. 3.83 3.89 3.34
Lumber $/MBF 244.40 221.40 342.70

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:
October 13, 2015

Categories: Market News

Recent Posts

Crime watch: Brangus bull missing in Fayette County

June 13, 2025

Texas & Southwestern Cattle Raisers Association Special Ranger Kenny Murchison, District 20 in …

Continue Reading about Crime watch: Brangus bull missing in Fayette County

Crime watch: Cattle missing in Freestone County

June 13, 2025

Texas & Southwestern Cattle Raisers Association Special Ranger Chace Fryar, District 21 in East …

Continue Reading about Crime watch: Cattle missing in Freestone County

Crime watch: Charolais bull missing in Luling

June 13, 2025

Texas & Southwestern Cattle Raisers Association Special Ranger Robert Fields, District 25 in …

Continue Reading about Crime watch: Charolais bull missing in Luling

Footer

Who We Are

Why Join
Leadership
Staff
Partners
FAQs
Newsroom
Sponsorships
Employment

What We Do

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

Information

Cattle Raisers Blog
News Releases
Bereavements
Events
Sponsorships & Advertisement
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