Feeder cattle markets stay steady, grain prices rise

The Texas Department of Agriculture market recap for the week ending Sept. 22 shows cash feeder cattle markets were steady to mostly lower with higher volumes of cattle coming off pastures. Finished cattle prices were higher as packers replenished inventories following two weeks of light purchases.

Cash grain and cotton markets finished the week higher with good demand and prospects for expanded exports driving the increases.

As the dollar declined in value compared with other currencies, U.S. exports became cheaper and more attractive for foreign buyers.

As for futures markets, feeder cattle futures closed the week lower while finished cattle, cotton, wheat, and corn were higher.

Most of the state experienced warmer temperatures and scattered showers during the week. Corn harvest neared completion in the Blacklands and South Central Texas.

Cotton harvest is underway in South Texas while additional warm days are needed to finish the crop on the High Plains. Pastures and livestock remain in good condition in most areas of the state.