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Texas feeder cattle auctions reported steady to $8 lower prices for the week ending June 16, and wholesale Choice beef fell $2.68 to $149.84 per hundredweight. US export sales for early June were 8,500 metric tons, down 38% week on week.
Cotton cash prices fell 3.5 cents to 69.75 cents per pound.
Lower wholesale beef and feeder cattle values weigh on cattle feeding margins and demand for feed. Weak export sales add modest bearish pressure on grain and cotton.
southtexasnews.comContributed informationJun 26, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
