TSCRA Daily News Update, August 12, 2008

TDA market recap, 8-11-08

For the week ending August 9, feeder cattle price trends at Texas auctions were mostly $1 to $5 per hundredweight higher, however a few sales late in the week were steady to $4 lower.

Fed cattle prices were $2 higher. Corn, soybeans, wheat and sorghum cash market declined this week.

As for futures markets, finished cattle and lumber ended the week higher while feeder cattle, cotton, wheat and corn closed lower.

Topsoil moisture was rated as very short to surplus, with most areas short to adequate.

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

Texas Cash Markets: 08/09/08 08/02/08 08/11/07

Feeder Steers ($/cwt) 111.35 110.44 119.58
Fed Cattle ($/cwt) 99.98 97.80 90.63

Slaughter Lambs ($/cwt) 92.00 82.50 97.50
Slaughter Goats ($/cwt) 95.00 94.00 109.00

Cotton                 (¢/lb)     64.25     65.00     56.00
Grain Sorghum           ($/bu)        7.65        8.82        5.59
Wheat                   ($/bu)        7.22       7.40        5.91
Corn                    ($/bu)        4.87       5.53        3.55
Watermelons             ($/lb)        0.17        0.18        0.10

Futures Markets:

Feeder Cattle ($/cwt) 114.63 115.63 114.95
Finished Cattle ($/cwt) 101.48 100.03 90.80

Cotton                  (¢/lb)     67.25     69.31      60.25
Wheat                   ($/bu)        8.04        8.22       6.60
Corn                    ($/bu)        4.99        5.65       3.32

Lumber ($/1000 bd ft) 256.90 254.80 280.10

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.

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.