Cattle Market Pulse

Hope Livestock Auction Market Report

Hope, Arkansas · USDA-reported Auction Livestock

Sale of Thursday, March 21, 2024

954 head sold ·Official USDA report

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

light 4-weight M&L 1 heifers $294.47/cwt +2.43 vs last sale · ≈ $1,270/hd at 431 lb · 39 head
heavy 5-weight M&L 1 heifers $266.22/cwt +2.10 vs last sale · ≈ $1,536/hd at 577 lb · 28 head
heavy 4-weight M&L 1 heifers $283.56/cwt -3.61 vs last sale · ≈ $1,317/hd at 465 lb · 27 head

Receipts

HeadThis saleLast saleLast year
Total receipts 954 562 723
Feeder cattle 738 440 564
Slaughter cattle 216 112 159
Replacement cattle — 10 —

Market comments — USDA reporter

Compared to last week: Feeder steers under 500 lbs. 5.00-7.00 higher; over 500 lbs. 3.00-8.00 lower. Feeder heifers 3.00-8.00 lower. Slaughter cows 2.00-4.00 lower. Slaughter bulls steady to 2.00 lower. Quality was average to plain. Had a large offering of replacement cattle that were bringing a premium. Market was still strong on the light weight cattle suitable for grazing. Had a video load of home raised feeder heifers; to view results 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
305–340 fancy 323 2 405.00–410.00 $407.64 $1,317 +10.10
310–345 330 10 335.00–380.00 $358.14 $1,182 -1.12
350–395 376 16 325.00–380.00 $353.66 $1,330 +7.60
400–435 416 15 310.00–380.00 $330.87 $1,376 +4.88
430 value added 430 2 340.00 $340.00 $1,462 -14.27
450 fancy 450 1 342.50 $342.50 $1,541 —
460–495 476 13 295.00–332.50 $313.22 $1,491 +5.40
490–495 value added 493 6 322.50–337.50 $330.04 $1,627 —
500–545 518 14 285.00–320.00 $289.63 $1,500 -5.97
505–545 value added 525 6 320.00–345.00 $325.61 $1,709 +6.46
550–590 562 6 275.00–300.00 $285.07 $1,602 -8.18
600–645 630 3 260.00–267.50 $262.38 $1,653 -14.28
635 value added 635 2 282.50 $282.50 $1,794 -16.30
645 fancy 645 1 297.50 $297.50 $1,919 —
675–680 678 2 250.00–260.00 $254.98 $1,729 -15.02
700–720 709 4 240.00–262.50 $251.94 $1,786 +9.49
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305–315 311 5 285.00–300.00 $294.02 $914 +6.56
355–395 377 12 275.00–300.00 $288.66 $1,088 +4.76
405–440 426 7 250.00–265.00 $259.50 $1,105 -10.38
455–485 468 6 260.00–265.00 $261.65 $1,225 +5.37
520–545 537 3 250.00–255.00 $251.61 $1,351 —
580–585 583 4 242.00–245.00 $243.49 $1,420 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
300–345 315 17 280.00–332.50 $305.25 $962 -6.34
350–390 369 22 275.00–325.00 $296.24 $1,093 +1.17
410–445 430 17 267.50–300.00 $287.68 $1,237 -2.51
415–445 value added 432 22 295.00–305.00 $299.72 $1,295 +3.60
450–480 value added 464 13 280.00–312.50 $292.63 $1,358 +0.18
455–480 465 14 260.00–297.50 $275.14 $1,279 -9.02
505–545 523 10 245.00–265.00 $254.38 $1,330 -11.37
510–545 value added 528 6 275.00–292.50 $283.46 $1,497 +2.60
550–595 575 9 245.00–265.00 $252.93 $1,454 -6.87
575–595 value added 578 19 262.50–277.50 $272.51 $1,575 -8.85
600–635 value added 618 6 267.50–270.00 $268.71 $1,661 +6.21
600–625 619 4 235.00–260.00 $248.84 $1,540 -4.69
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
300–330 314 9 235.00–265.00 $250.02 $785 +6.78
355–395 378 5 245.00–250.00 $245.97 $930 +5.31
410–440 425 4 230.00 $230.00 $978 -4.80

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
455–495 479 5 285.00–290.00 $286.90 $1,374 —
525–545 537 6 265.00–285.00 $277.54 $1,490 +8.61
750 750 1 225.00 $225.00 $1,688 —

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1035–1065 1050 80-85% 13 100.00–105.00 $102.69 $1,078 —
1065–1355 1189 80-85% 25 110.00–131.00 $119.24 $1,418 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
755–780 768 85-90% 2 71.00–73.00 $72.02 $553 —
910–935 925 85-90% 7 96.00–110.00 $101.13 $935 —

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1385–1510 1439 7 105.00–116.00 $111.64 $1,606 —
1500–1840 1652 10 120.00–145.00 $131.57 $2,174 -9.43
1600–1730 1665 2 146.00–154.00 $149.84 $2,495 +8.84

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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.