TSCRA Daily News Update, April 22, 2008

TDA Market Recap, (4-21-08)

For the week ending April 19, feeder cattle prices at Texas auctions were mixed, mostly steady to 5.00 per hundred weight higher, with few sale barns steady to 5.00 lower. Fed cattle prices were mostly 3.00 higher.

As for futures markets, both feeder and fed cattle futures rebounded somewhat and closed higher for the week. Wheat, cotton and lumber futures closed lower, while corn closed higher.

Over the past week, very little rainfall was reported across the state. Due to the dry conditions, many areas continue to have wildfires and burn bans in effect.

                                                              - - - - - - Week Ending  - - - -

Texas Cash Markets:                04/19/08    04/12/08    04/21/07

Feeder Steers             ($/cwt)                114.30        109.44           119.45
Fed Cattle                    ($/cwt)                  89.96           86.99             96.00

Slaughter Lambs        ($/cwt)                125.00         122.00           119.00
Slaughter Goats         ($/cwt)                146.00          141.50          140.00

Cotton                           (¢/lb)                    65.75          65.25               51.03
Grain Sorghum           ($/bu)                      9.99             9.68                6.02
Wheat                          ($/bu)                      8.59             8.73                4.70
Corn                             ($/bu)                      6.10             5.82                3.65

Grapefruit              ($/carton)                    13.15            13.15            12.75
Onions                  ($/carton)                       9.00              9.50            29.50

Futures Markets:             

Feeder Cattle            ($/cwt)                    101.50         99.50
Finished Cattle            ($/cwt)                   89.55         88.70

Cotton                          (¢/lb)                      71.75         74.16
Wheat                         ($/bu)                        9.39           9.54
Corn                             ($/bu)                      5.99           5.84

Lumber          ($/1000 bd ft)                    221.20         229.10

The 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.

The Texas Forest Service reports Sawlog and pulpwood prices bimonthly.

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 their Web site, www.tdamarketnews.com.

© Texas and Southwestern Cattle Raisers Association