Cattle Market Pulse

F and T Livestock Market Feeder/Replacement Cattle Market Report

Palmyra, Missouri · USDA-reported Auction Livestock

Sale of Tuesday, June 20, 2023

965 head sold ·Official USDA report

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

light 7-weight M&L 1 heifers $228.93/cwt ≈ $1,685/hd at 736 lb · 97 head
heavy 7-weight M&L 1-2 heifers $210.00/cwt ≈ $1,644/hd at 783 lb · 67 head
heavy 6-weight M&L 1 heifers $222.28/cwt -1.72 vs last sale · ≈ $1,515/hd at 681 lb · 47 head
HeadThis saleLast saleLast year
Total receipts 965 1,285 703
Feeder cattle 965 1,285 703

Compared to the auction from two weeks ago, feeder steers traded steady. Feeder heifers under 600 lbs 10.00-20.00 lower on a light test, with weights over 600 lbs steady to 5.00 higher. Order buyers were active which was welcome to see as many of the locals were out of the market. Northeast Missouri has had the worst spring drought since 1988. The hay crop has been on either side of 60 percent of normal and pastures are nearly gone with the calendar still showing June. Producers scrambling to secure hay or other feed sources and liquidation likely, especially at these prices. Demand was good and supply moderate to heavy.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
354 354 4 281.00 $281.00 $995 -18.06
398 value added 398 3 286.00 $286.00 $1,138
433–435 434 9 280.00–299.00 $286.35 $1,243 -3.09
460–494 486 17 273.00–282.00 $275.00 $1,336 -7.00
509–513 value added 511 16 270.50–284.00 $277.28 $1,417 -3.72
520–541 530 12 268.50–275.00 $271.82 $1,441 -10.09
559–589 value added 568 14 262.50–281.50 $275.87 $1,567 +14.87
553–597 578 28 262.00–273.00 $267.18 $1,544 -2.02
600–632 608 19 249.00–256.00 $254.09 $1,545 +2.89
618 value added 618 6 257.00 $257.00 $1,588
651–655 653 9 242.50–248.00 $245.55 $1,603 +5.54
660 value added 660 32 251.75 $251.75 $1,662
704 704 9 242.00 $242.00 $1,704
723 value added 723 9 229.50 $229.50 $1,659
769 769 5 222.00 $222.00 $1,707 -6.50
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
568 568 6 261.00 $261.00 $1,482 -5.82
664 664 8 236.00 $236.00 $1,567 +10.16
706–746 725 26 217.50–225.50 $220.20 $1,596
777 777 10 214.00 $214.00 $1,663 -5.50
794 value added 794 4 213.00 $213.00 $1,691
851 851 7 210.50 $210.50 $1,791

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
387 value added 387 3 257.00 $257.00 $995
470–483 473 14 243.00–247.00 $246.12 $1,164 -16.36
510 value added 510 6 243.00 $243.00 $1,239 -24.00
538 538 8 241.00 $241.00 $1,297
588 588 3 230.00 $230.00 $1,352 -20.39
627 value added 627 20 228.50 $228.50 $1,433
652 value added 652 5 223.50 $223.50 $1,457
667–690 685 42 218.50–223.50 $222.13 $1,522 -1.87
726–740 736 97 226.75–229.75 $228.93 $1,685
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
541 541 5 232.00 $232.00 $1,255 -26.00
573 573 3 230.00 $230.00 $1,318 -9.00
581 value added 581 5 234.00 $234.00 $1,360
600–618 609 12 219.00–231.00 $224.91 $1,370 -0.09
705–721 717 12 197.00–216.50 $211.71 $1,518 +5.65
783 783 67 210.00 $210.00 $1,644
Medium 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
444 444 9 232.00 $232.00 $1,030

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Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
710 710 10 185.00 $185.00 $1,314
858 858 4 152.00 $152.00 $1,304

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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.