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Click here for digital edition  TDA Market Recap -February 1, 2010 AUSTIN - For the week ending Jan. 30, feeder cattle price trends at Texas auctions were mixed, with sales early in the week mostly steady to $2 per hundredweight higher and later sales steady to $3 lower. Wet conditions in some areas, wintry weather on the High Plains, lower grain prices and lower stock markets all impacted the feeder cattle market. Fed cattle prices were near unchanged in spite of lower beef values for the week. Cotton and grain prices were again lower amid ample global supplies and a stronger dollar, which makes U.S. goods more expensive for foreign buyers. Lower crude oil prices and declining stock markets added to the decrease. As for futures markets, feeder cattle were higher, while fed cattle, cotton, wheat, corn and lumber were lower. Most of the state received one to five inches of rain during the week with lighter amounts in south Texas and heavy drifting snow on the High Plains. Topsoil moisture was rated mostly adequate to surplus, though very short conditions remain on the Northern High Plains and Edwards Plateau. The additional moisture benefited the winter wheat crop, especially on the High Plains. Wheat was rated in mostly fair to good condition. Cotton ginning was winding down and preparations for spring planting were active where field conditions allowed. Pastures were rated in mostly fair to poor condition with supplemental feeds necessary in many areas. All cash prices above are market averages for locations covered by the TDA Market News program and do not reflect any particular sale at any specific location. Feeder cattle prices are for 500-600 pound medium and large No. 1 steers. Futures prices are quoted for the nearest month contract on the last trading day of the week. For additional information, contact TDA Market News at (800) 252-3407 or visit our Web site, www.tdamarket news.com Week Ending
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