Cattle Market Pulse

Bassett Livestock Auction Market Report

Bassett, Nebraska · USDA-reported Auction Livestock

Sale of Wednesday, February 21, 2024

6,410 head sold ·Official USDA report

This is an archived report. See the latest Bassett Livestock Auction report →

light 7-weight M&L 1 steers $273.13/cwt +4.76 vs last sale · ≈ $1,997/hd at 731 lb · 785 head
heavy 6-weight M&L 1 steers $300.07/cwt +12.79 vs last sale · ≈ $2,011/hd at 670 lb · 666 head
light 6-weight M&L 1 steers $309.83/cwt +6.88 vs last sale · ≈ $1,945/hd at 628 lb · 498 head

Receipts

HeadThis saleLast saleLast year
Total receipts 6,410 4,315 5,560
Feeder cattle 6,410 4,315 5,560

Market comments — USDA reporter

Compared with two weeks ago, 500 lbs steers traded 4.00 lower, 550 to 700 lbs steers traded 2.00 to 10.00 higher. Heifer offerings 500 to 800 lbs traded 4.00 to 20.00 higher. Demand was good with several buyers and active internet bidding. Next Auction: March 6th Bred cow and heifer auction

New to these tables? Plain-English explainers ↓

Feeder Steers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
344 344 6 365.00 $365.00 $1,256 —
442 442 13 370.00 $370.00 $1,635 +2.89
451–459 453 45 350.00–362.00 $358.36 $1,623 —
507–536 522 144 330.00–351.00 $340.69 $1,778 -4.67
563–592 582 263 319.00–324.00 $321.21 $1,869 +10.94
602 fancy 602 85 332.50 $332.50 $2,002 —
609–645 633 413 298.00–314.00 $305.17 $1,932 +2.22
661–681 fancy 668 430 302.00–308.50 $305.75 $2,042 —
660–694 674 236 279.00–295.50 $289.72 $1,953 +2.44
700–747 731 785 261.50–279.00 $273.13 $1,997 +4.76
774–780 779 244 255.00–266.50 $262.85 $2,048 +8.87
810–822 815 94 246.00–254.50 $252.82 $2,060 +9.82
856 fancy 856 70 258.50 $258.50 $2,213 —
854–881 865 275 239.00–248.00 $244.36 $2,114 +10.86
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
508–544 527 63 321.00–327.50 $324.65 $1,711 +5.47
584 584 15 303.00 $303.00 $1,770 +21.76
625–637 631 36 288.00–293.00 $291.43 $1,839 +11.43
668–694 692 80 270.00–277.00 $270.51 $1,872 +0.35
747 747 39 256.50 $256.50 $1,916 +1.26

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
364 364 15 342.50 $342.50 $1,247 +7.10
416–447 436 75 329.00–337.50 $330.91 $1,443 +6.82
460–486 477 70 311.00–329.50 $319.54 $1,524 +2.32
502–547 532 244 305.00–320.00 $314.64 $1,674 +7.31
561 fancy 561 99 313.00 $313.00 $1,756 —
550–592 576 306 292.00–305.00 $297.06 $1,711 +7.61
602 602 58 273.50 $273.50 $1,646 -22.50
600–647 622 357 278.00–292.50 $286.36 $1,781 +20.94
657–660 659 173 276.50–278.50 $277.46 $1,828 -2.54
655–697 669 280 255.00–271.00 $263.92 $1,766 +6.16
702–724 714 200 248.00–258.00 $251.11 $1,793 +5.06
752–769 762 120 237.50–246.00 $240.84 $1,835 +6.18
812–817 816 106 233.00–233.25 $233.22 $1,903 +4.22
869 869 24 218.00 $218.00 $1,894 +10.50
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
337 337 5 322.50 $322.50 $1,087 —
475–498 491 24 302.00–304.00 $303.44 $1,490 —
500–548 528 26 281.00–302.00 $295.27 $1,559 —
590–596 593 30 265.00–272.50 $268.77 $1,594 -7.57
602–637 611 75 260.00–271.00 $265.93 $1,625 +7.93
661–697 689 226 246.00–251.75 $251.34 $1,732 —

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Reading this report

What does "Medium and Large 1" mean?

USDA feeder grades describe frame size and muscle thickness, not quality of the individual animal. "Medium and Large" is the frame score; the number is muscle (1 = heaviest muscled). "Medium and Large 1–2" pens mix both muscle scores — common across the Southeast.

What is $/cwt?

Dollars per hundredweight — per 100 lb of animal. A 500-lb calf at $450/cwt brings 5 × $450 = $2,250. Lighter cattle usually bring more per cwt but less per head.

Why are some prices per head?

Bred cows, cow-calf pairs, and some replacement classes sell by the head, not by weight. We show those exactly as USDA reports them — a $/head figure is never converted into $/cwt on this site.

Where do these numbers come from?

From the USDA Agricultural Marketing Service's Livestock Market News — federal reporters at the sale. We publish each report in full and link the official USDA document at the top of the page.