TDA Market Recap July 16, 2007
Courtesy of the Texas Department of Agriculture
AUSTIN – The Texas Department of Agriculture market recap for the week ending July 14, 2007, showed cash cattle markets higher than the previous week’s light holiday trade. Feeder cattle prices were up slightly from the previous week, but lower than those seen at this time last year. Texas cash cotton prices closed the week sharply higher and wheat was up while corn and grain sorghum finished lower than the previous week. Drier and warmer weather across much of the state last week helped move along wheat harvest and provided a boost for the cotton crop. However, in some areas wet conditions and localized flooding continued to cause problems. Hay harvest was in full swing in some locations, but continued to be hampered by wet fields in others. Pasture and range remain in mostly good to excellent condition. As for futures markets, cattle futures closed the week lower. Cotton finished sharply higher, corn was up, and wheat closed slightly lower. For more information visit www.tda.state.tx.us.
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