TX & OK Weekly Market Recap, Aug. 24, 2019

Source: USDA Livestock, Poultry & Grain Weekly Market News Publications
Texas
Feeder steers and heifers recouped some of the losses and traded $1-$4 higher. Trade activity was light to moderate on moderate demand. Most of the trading area received some much-needed rain that also cooled off the triple digit temps. Slaughter cows and bulls sold mostly steady. Hay trades were mostly steady to firm on small square bales of premium quality hay. Grinding quality  hay was $10-$15 lower as feeding breakevens continue to tighten. In the Texas High Plains grain markets the bulk of bids were mostly 6 to 7 cents lower on grain sorghum; 1 to 2 cents lower on wheat; mostly 3 to 4 cents lower on corn.
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Oklahoma
Combined weighted average for 7 auctions: Ada, Apache, McAlester, Oklahoma City, OKC West, Tulsa, and Woodward. Feeder steers $2-$6 higher. Feeder heifers mostly $3-$6 higher. Demand moderate to good. Steer and heifer calves not tested. Slaughter cows steady. Slaughter bulls sold $1-$2 higher. Demand moderate. Temperatures were in triple digits at the beginning of the week, but some rain and thunderstorms have made their way across the trade region at the end of this week bringing some much needed relief. Supply included: 86% Feeder Cattle 50% Steers, 43% Heifers, 7% Bulls; 8% Slaughter Cattle 87% Cows, 13% Bulls; 6% Replacement Cattle 80% Bred Cows, 7% Bred Heifers, 13% Cow-Calf Pairs, 0% Bulls. Feeder cattle over 600 lbs was 62%.

Click or tap here to download the full Oklahoma report. *PDF