• 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
    • 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
    • Students and Youth
  • Events
    • Cattle Raisers Convention
    • Summer Meeting
    • Policy Conference
    • Ranch Gatherings
    • Ranching 101
  • Join
  • Member Center
  • TSCRA Store
  • Show Search
Hide Search

TDA Market Recap, Oct. 22, 2012

Source: Texas Department of Agriculture
For the week ending Oct. 20, 2012, feeder cattle prices reported by Texas auctions were mostly steady to $5 higher per hundredweight (cwt) compared to a week ago, with a few as much as $10 higher and some to $5 lower. Several locations noted good demand, especially for long-weaned feeders and steer calves. Texas direct feeder cattle sales and the Oklahoma City National Stockyards were steady to $2 higher. The feeder cattle situation remains unchanged with tight supplies offset by high grain prices and poor cattle feeding margins. Fed cattle cash prices were more than $2 higher per cwt in response to higher beef prices and smaller supplies of available cattle.
Cotton prices were higher primarily due to a current shortage of cotton meeting the requirements for futures market deliveries. Wheat prices were higher amid concerns about slow emergence, improved weekly U.S. exports and reports that Ukraine might halt exports in mid-November. Corn prices followed wheat and soybeans higher, but gains were limited by sluggish exports and reports of additional corn imports from South America.
As for futures markets, feeder cattle, fed cattle, cotton, wheat, corn and lumber were higher.
A half-inch or more of rain fell last week in parts of Southeast Texas, the Lower Rio Grande Valley, Trans-Pecos and South Plains, while other areas received little or no rainfall.
According to the weekly USDA NASS crop progress report, the condition index for cotton declined slightly last week, but remained unchanged for corn, peanuts, grain sorghum and soybeans. Cotton harvest was 31 percent complete, ahead of the 27 percent average for this date. Bolls have opened on 92 percent of the acreage, also ahead of normal. Corn was 95 percent harvested compared to the 88 percent average, while grain sorghum harvest was 67 percent complete, well behind the normal 77 percent. Winter wheat planting advanced to 74 percent complete, slightly ahead of the normal 73 percent, and 51 percent of the acreage has emerged.
Pasture conditions improved somewhat with 27 percent of the acreage rated in good to excellent condition compared to 24 percent last week. The area rated poor to very poor declined from 42 to 41 percent and 32 percent was rated in fair condition compared to 34 percent a week ago.

   

Week Ending

Previous

Previous

Texas Cash Markets:  

   Oct. 20, 2012

              Week            Year
         
Feeder Steers ($/cwt)

155.53

157.09

142.47

Fed Cattle ($/cwt)

127.13

125.41

120.35

Slaughter Lambs ($/cwt)

145.00

112.50

164.00

Slaughter Goats ($/cwt)

171.00

164.00

189.00

Cotton (¢/lb.)

72.50

67.00

94.40

Grain Sorghum ($/cwt)

12.84

12.67

10.90

Wheat ($/bu.)

8.60

8.43

6.53

Corn ($/bu.)

8.09

8.00

6.67

Grapefruit ($/carton)

19.85

—–

17.15

   

Futures Markets:  

   

Feeder Cattle ($/cwt)

146.15

143.10

139.40

Fed Cattle ($/cwt)

126.30

123.90

121.92

Cotton (¢/lb.)

76.88

71.36

97.10

Wheat ($/bu.)

9.08

8.90

7.23

Corn ($/bu.)

7.62

7.53

6.49

Lumber ($/MBF)

298.20

284.70

220.00

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.
For additional information, contact TDA at 800-835-5832 or visit our website, TexasAgriculture.gov.

Written by:
kristin
Published on:
October 23, 2012

Categories: Market News

Recent Posts

Texas & Southwestern Cattle Raisers Association names new leadership

March 25, 2023

Volunteers elected, appointed during 2023 Cattle Raisers Convention & Expo.  Texas & …

Continue Reading about Texas & Southwestern Cattle Raisers Association names new leadership

Robertson County Texas A&M AgriLife Extension Agent recognized by Texas & Southwestern Cattle Raisers Association

March 25, 2023

David Groschke recognized as a leader in local beef education.  Today, Texas & …

Continue Reading about Robertson County Texas A&M AgriLife Extension Agent recognized by Texas & Southwestern Cattle Raisers Association

G Bar C Ranch honored as 2023 Texas Outstanding Rangeland Stewardship Award recipient

March 25, 2023

Texas & Southwestern Cattle Raisers Association today recognized Meredith Ellis of G Bar C Ranch …

Continue Reading about G Bar C Ranch honored as 2023 Texas Outstanding Rangeland Stewardship Award recipient

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