# Agriculture Market Summary

> Texas feeder cattle auctions quoted prices $5 to $15 lower, while October feeder cattle futures rose $4.03 to $128.00 per cwt. Fed cattle cash trade was inactive and boxed beef was mixed. Cotton futures rose, and fall armyworm activity was reported in parts of Texas.

- Date: 2016-10-04 · published 2016-10-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5688-agriculture-market-summary
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Mixed cash and futures moves in cattle signal no clear direction for feeder demand, so feed buyers should expect range-bound cattle pricing in the near term.

## Read by commodity

- MILK: bearish ▼
- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- texasagriculture.gov: https://texasagriculture.gov/NewsEvents/AgricultureMarketSummary/tabid/1791/Article/3794/Texas-Daily-Ag-Market-News-Summary-100416.aspx

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.