Cattle Market Pulse

F and T Livestock Market Feeder/Replacement Cattle Market Report

Palmyra, Missouri · USDA-reported Auction Livestock

Sale of Tuesday, May 16, 2023

1,341 head sold ·Official USDA report

This is an archived report. See the latest F and T Livestock Market Feeder/Replacement Cattle report →

heavy 7-weight M&L 1-2 heifers $196.09/cwt ≈ $1,492/hd at 761 lb · 101 head
heavy 4-weight M&L 1 heifers $245.80/cwt ≈ $1,162/hd at 473 lb · 64 head
light 9-weight M&L 1 steers $197.00/cwt ≈ $1,824/hd at 926 lb · 56 head
HeadThis saleLast saleLast year
Total receipts 1,341 370 1,020
Feeder cattle 1,341 1,020
Replacement cattle 370

Compared to the auction from two weeks ago, feeder steers under 600 lbs traded steady, over 600 lbs 5.00-10.00 higher. Feeder heifers under 650 lbs firm to 5.00 higher, over 650 lbs steady to weak. A nice supply of feeders for this late in spring with a good mix of both calves and yearlings offered. Lower grain prices and a continued strong fed cattle market are fueling higher calf prices nearly every week. Demand good and supply moderate.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
368 value added 368 11 280.00 $280.00 $1,030
425–444 437 10 276.00–280.00 $277.17 $1,211
450–496 value added 468 38 276.00–284.00 $281.71 $1,318
493 493 10 286.00 $286.00 $1,410
515–525 value added 522 12 279.00–280.00 $279.67 $1,460
517–542 529 19 261.00–279.00 $270.26 $1,430
550–594 566 44 248.00–270.00 $260.74 $1,476
594 594 6 234.00 $234.00 $1,390
601 601 6 233.00 $233.00 $1,400
600–618 value added 603 11 242.00–247.00 $246.07 $1,484
617–634 625 16 233.00–240.50 $236.96 $1,481
660–662 662 32 225.00–235.00 $234.38 $1,552
683–694 691 13 206.00–214.00 $207.82 $1,436
698 value added 698 6 220.00 $220.00 $1,536
779 779 29 212.00 $212.00 $1,651
801 801 35 208.75 $208.75 $1,672
926 926 56 197.00 $197.00 $1,824
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
512 value added 512 15 259.00 $259.00 $1,326
646 646 22 227.50 $227.50 $1,470
686–688 687 21 219.50 $219.50 $1,508
783 783 6 192.00 $192.00 $1,503
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
501 501 9 232.00 $232.00 $1,162
602 602 14 213.00 $213.00 $1,282
740 740 4 197.00 $197.00 $1,458
Medium 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
281 281 4 283.00 $283.00 $795
337 337 3 271.00 $271.00 $913
668 668 4 213.00 $213.00 $1,423
797 797 5 180.00 $180.00 $1,435
Small 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
496 496 5 215.00 $215.00 $1,066
825 825 6 175.00 $175.00 $1,444

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
525 525 17 248.00 $248.00 $1,302
526–528 value added 526 19 251.00–258.00 $256.52 $1,349
550 550 5 235.00 $235.00 $1,292
551–572 value added 560 7 231.00–246.00 $239.43 $1,341
566 566 6 230.00 $230.00 $1,302
660–668 664 50 192.00–193.50 $192.78 $1,280
701 701 11 190.00 $190.00 $1,332
754–776 761 101 187.50–200.00 $196.09 $1,492
820 820 4 185.00 $185.00 $1,517
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
354 354 4 241.00 $241.00 $853
368 value added 368 9 249.00 $249.00 $916
404–445 419 11 239.00–249.00 $242.86 $1,018
421–442 value added 437 16 254.00–255.00 $254.24 $1,111
455–489 value added 465 20 252.00–257.00 $253.58 $1,179
455–496 476 44 236.00–248.00 $242.26 $1,153
506–540 515 11 233.00–250.00 $245.14 $1,262
515–537 value added 525 15 236.00–255.00 $247.51 $1,299
565–590 574 10 213.00–234.00 $223.22 $1,281
638 638 24 232.50 $232.50 $1,483
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
526–527 527 16 227.00–228.00 $227.31 $1,198
582 582 37 197.00 $197.00 $1,147
Small 2-3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
397 397 7 221.00 $221.00 $877
438 438 6 207.00 $207.00 $907
489 489 6 219.00 $219.00 $1,071
515–547 532 11 206.00–215.00 $211.04 $1,123

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
544 544 6 218.00 $218.00 $1,186
606–640 623 15 198.00–208.00 $202.03 $1,259
682 682 5 193.00 $193.00 $1,316

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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.