Four State Stockyards Market Report

Exeter, Missouri · USDA-reported Auction Livestock

Sale of Friday, February 20, 2026

This is an archived report. See the latest Four State Stockyards report →

Receipts

Head	This sale	Last sale	Last year
Total receipts	641	2,070	0
Feeder cattle	—	1,927	—
Slaughter cattle	—	116	—
Replacement cattle	641	27	0

Market comments — USDA reporter

A huge crowd came out for the special cow sale Friday night at Four State Stockyards. There was several herd dispersals in the offering of big fancy and good bred cows and pairs. Demand from buyers was good to very good for wanting replacement cows. Several smaller consignments of bred cows, pairs and breeding bulls were also in the offering.

New to these tables? Plain-English explainers ↓

Feeder Bulls

Medium and Large 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
1330–1675	1485	Young (2-4 yrs)	N/A	6	3,600.00–5,000.00	$4,263.24	—
1615–1780	1675	Young/Middle Aged (2-8 yrs)	N/A	3	3,600.00–3,900.00	$3,761.29	—

Medium 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
1060–1340	1191	Young (2-4 yrs)	N/A	4	2,800.00–3,900.00	$3,180.06	—

Medium and Large 1 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
1670–1780	1725	Young (2-4 yrs)	N/A	2	6,100.00–6,650.00	$6,366.23	—

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Stock Cows

Medium and Large 1-2 ($/cwt)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	≈ $/hd
900–1040	950	Young (2-4 yrs)	Open	3	221.00–250.00	$231.90	$2,203

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Bred Cows

Medium and Large 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1007–1059	1029	Aged (>8 yrs)	1st Stage (1-3 mo)	12	1,900.00–2,000.00	$1,942.90
1072–1155	1080	Young (2-4 yrs)	1st Stage (1-3 mo)	11	2,950.00–3,500.00	$3,003.49
1088	1088	Aged (>8 yrs)	2nd/3rd Stage (4-9 mo)	9	2,800.00	$2,800.00
1006–1222	1100	Middle Aged/Aged (>5 yrs)	1st Stage (1-3 mo)	84	2,200.00–2,800.00	$2,645.22
1033–1263	1117	Young/Middle Aged (2-8 yrs)	2nd/3rd Stage (4-9 mo)	27	3,050.00–3,700.00	$3,514.57
1004–1260	1121	Young/Middle Aged (2-8 yrs)	1st Stage (1-3 mo)	32	2,450.00–3,500.00	$3,122.74
996–1270	1124	Middle Aged/Aged (>5 yrs)	2nd/3rd Stage (4-9 mo)	51	2,700.00–3,600.00	$3,328.35
1060–1253	1166	Middle Aged (5-8 yrs)	2nd/3rd Stage (4-9 mo)	12	2,500.00–3,500.00	$3,125.83
1265	1265	Aged (>8 yrs)	1st Stage (1-3 mo)	2	1,950.00	$1,950.00

Large 1 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1374–1441	1412	Young/Middle Aged (2-8 yrs)	2nd/3rd Stage (4-9 mo)	53	4,050.00–5,000.00	$4,826.28

Large 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1290–1420	1300	Middle Aged (5-8 yrs)	2nd/3rd Stage (4-9 mo)	13	3,400.00–3,600.00	$3,583.20
1313–1340	1321	Young/Middle Aged (2-8 yrs)	2nd/3rd Stage (4-9 mo)	6	3,200.00–3,650.00	$3,449.77
1323–1358	1344	Aged (>8 yrs)	2nd/3rd Stage (4-9 mo)	5	3,100.00–3,500.00	$3,257.50
1299–1570	1412	Middle Aged/Aged (>5 yrs)	1st Stage (1-3 mo)	7	2,550.00–2,700.00	$2,623.59
1358–1540	1478	Middle Aged/Aged (>5 yrs)	2nd/3rd Stage (4-9 mo)	21	2,600.00–3,950.00	$3,217.80

Medium 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
913	913	Middle Aged/Aged (>5 yrs)	1st Stage (1-3 mo)	6	2,300.00	$2,300.00
925–935	930	Young/Middle Aged (2-8 yrs)	2nd/3rd Stage (4-9 mo)	2	3,100.00–3,300.00	$3,200.54
895–990	959	Young/Middle Aged (2-8 yrs)	1st Stage (1-3 mo)	16	2,550.00–2,850.00	$2,705.41
980	980	Young (2-4 yrs)	2nd/3rd Stage (4-9 mo)	2	4,000.00	$4,000.00

Medium and Large 1 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1088–1273	1181	Young/Middle Aged (2-8 yrs)	2nd/3rd Stage (4-9 mo)	14	3,900.00–4,050.00	$3,992.93

Medium and Large 2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1028	1028	Middle Aged/Aged (>5 yrs)	2nd/3rd Stage (4-9 mo)	2	2,400.00	$2,400.00

Small 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
770	770	Middle Aged (5-8 yrs)	1st Stage (1-3 mo)	1	1,475.00	$1,475.00

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Bred Heifers

Medium and Large 1 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1079–1136	1110	Young (2-4 yrs)	2nd/3rd Stage (4-9 mo)	41	4,050.00–4,150.00	$4,062.16

Medium and Large 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
1025–1105	1078	Young (2-4 yrs)	1st Stage (1-3 mo)	3	3,300.00–3,600.00	$3,504.95
1079–1133	1096	Young (2-4 yrs)	2nd/3rd Stage (4-9 mo)	9	3,625.00–3,800.00	$3,726.32

Medium 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
805	805	(<2 yrs)	1st Stage (1-3 mo)	1	2,400.00	$2,400.00
920–991	969	Young (2-4 yrs)	1st Stage (1-3 mo)	9	2,300.00–3,450.00	$3,085.26
980	980	Young (2-4 yrs)	2nd/3rd Stage (4-9 mo)	1	3,350.00	$3,350.00

Small 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $
750	750	Young (2-4 yrs)	2nd/3rd Stage (4-9 mo)	1	1,800.00	$1,800.00

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Cow-Calf Pairs

Medium and Large 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
1000	1000	Aged (>8 yrs)	Open	2	3,200.00	$3,200.00	-750.00
1000–1100	1040	Middle Aged/Aged (>5 yrs)	Open	5	3,650.00–3,700.00	$3,670.00	—
1100	1100	Middle Aged/Aged (>5 yrs)	Open	2	3,500.00–5,100.00	$4,300.00	—
1100	1100	Young/Middle Aged (2-8 yrs)	Open	1	4,200.00	$4,200.00	—
1150	1150	Middle Aged (5-8 yrs)	Open	1	3,700.00	$3,700.00	—
1200	1200	Middle Aged/Aged (>5 yrs)	1st Stage (1-3 mo)	7	5,300.00	$5,300.00	—
1200	1200	Young/Middle Aged (2-8 yrs)	Open	1	4,400.00	$4,400.00	—

Large 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
1300	1300	Young/Middle Aged (2-8 yrs)	Open	1	4,100.00	$4,100.00	—
1400	1400	Young/Middle Aged (2-8 yrs)	Open	1	4,900.00	$4,900.00	—
1400	1400	Young/Middle Aged (2-8 yrs)	Open	1	4,950.00	$4,950.00	—
1500	1500	Young/Middle Aged (2-8 yrs)	1st Stage (1-3 mo)	5	4,950.00	$4,950.00	—
1500	1500	Middle Aged/Aged (>5 yrs)	Open	1	4,200.00	$4,200.00	—

Medium 1-2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
850	850	Young (2-4 yrs)	Open	1	3,100.00	$3,100.00	—
900	900	Young (2-4 yrs)	1st Stage (1-3 mo)	1	4,700.00	$4,700.00	—

Medium 2 ($/head)
Weight (lb)	Avg wt	Age	Stage	Head	Price range	Avg $	Δ last sale
900	900	Young (2-4 yrs)	1st Stage (1-3 mo)	1	2,900.00	$2,900.00	—

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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.