FEBRUARY 19, 2014
Source: Texas Department of Agriculture
For the week ending Feb. 15, 2014, Texas feeder cattle auctions reported prices mostly steady to $10 higher per hundredweight (cwt), with the market generally stronger later in the week. A number of locations reported smaller than usual receipts as inclement weather limited cattle movement. Texas direct feeder cattle prices were mostly steady. Fed cattle cash prices were $1 higher in spite of lower wholesale beef values. Prices across the cattle sector remain at historically high levels as tight supplies and strong demand continue to support the market. Beef export sales for the week totaled 16,600 metric tons (MT), more than double the previous week and 38 percent higher than the prior four-week average. Japan, South Korea and Hong Kong were the leading buyers. Shipments of 11,900 MT were down three percent from a week earlier and two percent from the average.