Grain, cotton prices close higher

The Texas Department of Agriculture market recap for the week ending Sept. 15 shows that cash feeder cattle prices fell as the volume of cattle coming to market increased seasonally, with additional pressure from lower fed cattle markets and higher feed grain prices.

Cash fed cattle markets were lower in very light trade as declining beef values and tight packer margins pushed prices down.

Cash grain and cotton prices all closed the week higher. Corn closed higher on the general optimism in grain markets and good global demand. Cotton was also higher on strong world demand and improving prospects for U.S. exports.

As for futures markets, fed cattle, feeder cattle and wheat futures closed the week lower while corn, grain sorghum and cotton posted gains.

Scattered showers were reported in most areas of the state with parts of the Upper Coast receiving the most rainfall as a result of Hurricane Humberto.

Corn, grain sorghum and cotton harvest continue to make good progress. Pastures and rangeland remain in good to excellent condition. Haying operations continued as weather permitted with some reports of improved quality.