TDA Market Recap April 20, 2009
Provided by Commissioner Todd Staples, Texas Department Of Agriculture www.TexasAgriculture.gov
For the week ending April 18, 2009, feeder cattle prices at Texas auctions were steady to $4 higher with instances of $5-$6 higher on offerings over 500 lbs. Cotton prices ended the week higher, but grains were lower. As for futures markets, finished cattle and cotton were higher for the week while feeder cattle and lumber fell sharply lower and wheat and corn were weak. Eastern parts of Texas received up to 15 inches of rain while the rest of the state experienced moderate rainfall. Cotton was progressing well in South Texas and across the state corn was under stress due to the recent freeze. Corn planting for the state is 60 percent planted and 55 percent emerged. Cotton planting is still underway with 17 percent planted. Pastures in East Texas responded well to the recent rainfall while South Texas is still experiencing very dry conditions.
|- - - - - - Week Ending||- - - -|
|Lumber||($/1000||bd ft) 173.70||185.10||216.50|
The cash prices above are market averages for locations covered by the TDA 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 #1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week.