Market good for cattle, feed grain prices drop

The Texas Department of Agriculture market recap for the week ending Sept. 8 shows higher cash prices for the major commodities covered by this report.

Fed cattle prices were up on a continued tight supply of finished cattle. Cash feeder cattle increased along with the higher fed market and weak feed grain markets at mid-week. The fall run of feeder cattle has begun in some areas. Sheep and goat prices were up seasonally.

Cash wheat markets closed the week sharply higher amid continuing strong demand and concerns about world supplies. This spilled over into other grain markets and helped corn and grain sorghum close higher after trading lower at times during the week.

Cash cotton was higher with continued good export demand.

As for futures markets, cattle, wheat and corn futures closed the week higher, but cotton was lower.

The cotton crop remains in mostly good to fair condition with harvest now underway in South Central Texas and the Coastal Bend. Corn and grain sorghum harvest are well underway in all areas of the state with corn condition rated mostly good to excellent and grain sorghum mostly good to fair.

Pastures and range land remain in mostly good to excellent condition.