Cattle Market Pulse

Hope Livestock Auction Market Report

Hope, Arkansas · USDA-reported Auction Livestock

Sale of Thursday, September 28, 2023

1,105 head sold ·Official USDA report

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

light 5-weight M&L 1 steers $239.55/cwt -18.69 vs last sale · ≈ $1,231/hd at 514 lb · 23 head
light 5-weight M&L 1 heifers $214.06/cwt -11.48 vs last sale · ≈ $1,109/hd at 518 lb · 21 head
heavy 4-weight M&L 1 steers $260.86/cwt -11.32 vs last sale · ≈ $1,236/hd at 474 lb · 19 head

Receipts

HeadThis saleLast saleLast year
Total receipts 1,105 1,561 861
Feeder cattle 869 1,106 695
Slaughter cattle 211 305 146
Replacement cattle 25 150 20

Market comments — USDA reporter

Feeder steers 5.00-10.00 instances 15.00 lower. Feeder heifers 2.00-10.00 lower. Slaughter cows 10.00-12.00 lower. Slaughter bulls 5.00 lower. Quality was average. The CME futures traded cheaper this week coupled with new crop calves and the dreaded month of October on us, caused all classes to be lower this week. Sold 3 loads on video this week to view information click this link (https://www.ams.usda.gov/mnreports/ams_3628.pdf).

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
300–345 327 9 275.00–295.00 $282.41 $923 -7.98
350–395 385 10 285.00–300.00 $294.48 $1,134 +9.37
385–390 fancy 388 2 310.00–315.00 $312.48 $1,212 —
405 fancy 405 1 305.00 $305.00 $1,235 -7.53
400–445 423 12 260.00–295.00 $273.63 $1,157 -8.71
460–470 fancy 465 2 285.00–287.50 $286.26 $1,331 -11.24
450–495 475 17 241.00–270.00 $257.87 $1,225 -8.88
500–535 513 22 235.00–250.00 $240.21 $1,232 -17.56
535 535 1 225.00 $225.00 $1,204 -32.77
555–585 566 4 230.00–235.00 $233.71 $1,323 -4.44
600–635 621 6 220.00–237.00 $227.23 $1,411 -6.79
665 value added 665 3 240.00 $240.00 $1,596 —
655–680 667 6 218.00–220.00 $219.00 $1,461 -13.25
710–740 723 4 218.00–231.00 $221.71 $1,603 -6.77
725 value added 725 2 237.00 $237.00 $1,718 —
815–820 818 2 200.00–218.00 $209.03 $1,710 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
300–345 328 9 230.00–240.00 $235.66 $773 +0.68
355–395 368 6 230.00–235.00 $232.51 $856 +2.43
400–445 429 4 220.00–225.00 $223.83 $960 +5.78
450–470 457 3 212.00–225.00 $216.46 $989 -3.71
500–530 512 12 200.00–219.00 $208.65 $1,068 -11.35

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
310–330 319 7 229.00–234.00 $232.15 $741 -10.97
350–395 377 12 225.00–240.00 $230.00 $867 -10.81
400–445 418 8 220.00–235.00 $225.26 $942 -5.04
470 470 2 210.00 $210.00 $987 -15.78
450–490 474 8 220.00 $220.00 $1,043 -5.78
510–515 511 5 200.00–207.00 $203.80 $1,041 -19.01
500–545 520 16 215.00–223.00 $217.26 $1,130 -5.55
555–595 569 13 215.00–219.00 $217.08 $1,235 -3.83
605–635 617 7 211.00–217.00 $214.98 $1,326 -0.30
650–680 665 2 200.00–219.00 $209.71 $1,395 -1.53
700–730 715 2 192.50–195.00 $193.78 $1,386 +3.59
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
325 325 3 210.00 $210.00 $682 -4.09
355–395 375 6 204.00–207.00 $205.30 $770 -4.24
400–435 415 16 195.00–207.00 $200.43 $832 +0.43
450–470 460 8 190.00–203.00 $196.94 $906 -8.13
510–525 516 9 180.00–200.00 $189.97 $980 -11.63
560 560 1 185.00 $185.00 $1,036 —

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
450–485 469 14 227.00–245.00 $235.71 $1,105 -1.60
500–540 525 3 207.00–225.00 $218.83 $1,149 -10.75
550–595 578 5 200.00–220.00 $212.50 $1,228 -10.29
600–645 621 7 185.00–205.00 $191.98 $1,192 -8.02
655–695 675 5 175.00–200.00 $186.28 $1,257 -21.21
710 710 1 195.00 $195.00 $1,384 -9.97
750 750 1 174.00 $174.00 $1,305 —

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1030–1050 1040 80-85% 2 70.00–74.00 $72.02 $749 —
1115–1255 1175 80-85% 3 95.00–99.00 $97.02 $1,140 —
1055–1410 1214 80-85% 53 83.00–93.00 $86.37 $1,049 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
825–855 844 85-90% 5 45.00–55.00 $51.61 $436 —
935–1020 965 85-90% 13 70.00–79.00 $74.80 $722 -10.77
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1285–1580 1478 75-80% 3 84.00 $84.00 $1,242 —

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1515 1515 1 90.00 $90.00 $1,364 —
1585–1870 1763 5 100.00–107.00 $104.16 $1,836 —

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Bred Cows

Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
985 985 Aged (>8 yrs)2nd Stage (4-6 mo) 1 950.00 $950.00
1020 1020 Middle Aged (5-8 yrs)1st Stage (1-3 mo) 1 1,225.00 $1,225.00
975–1110 1054 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 5 1,250.00–1,500.00 $1,381.21
1155–1245 1200 Young (2-4 yrs)2nd Stage (4-6 mo) 2 1,400.00–1,500.00 $1,448.13
1215 1215 Middle Aged (5-8 yrs)3rd Stage (7-9 mo) 1 1,400.00 $1,400.00
1235 1235 Young (2-4 yrs)3rd Stage (7-9 mo) 1 1,600.00 $1,600.00

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Cow-Calf Pairs

Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1165 1165 Aged (>8 yrs)Open 1 1,300.00 $1,300.00 —
1215–1370 1302 Middle Aged (5-8 yrs)Open 3 1,450.00–1,650.00 $1,570.23 +180.44

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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.