Cattle Market Pulse

Hope Livestock Auction Market Report

Hope, Arkansas · USDA-reported Auction Livestock

Sale of Thursday, May 2, 2024

360 head sold ·Official USDA report

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

light 6-weight M&L 1 steers $272.47/cwt -9.99 vs last sale · ≈ $1,689/hd at 620 lb · 11 head
heavy 5-weight M&L 1 steers $304.94/cwt +4.43 vs last sale · ≈ $1,751/hd at 574 lb · 10 head

Receipts

HeadThis saleLast saleLast year
Total receipts 360 544 729
Feeder cattle 288 447 583
Slaughter cattle 67 82 136
Replacement cattle 5 15 10

Market comments — USDA reporter

Compared to last week: Feeder steers under 500 lbs. 10.00-15.00 lower; over 500 lbs. unevenly steady. Feeder heifers unevenly steady. Slaughter cows 3.00-8.00 lower. Slaughter bulls 2.00-3.00 lower. Quality was average to plain. Buyers were not as aggressive on most classes. Limited receipts and a cheaper futures board created a softer market this week.

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
310–335 324 5 310.00–320.00 $312.95 $1,014 -26.07
325 value added 325 1 350.00 $350.00 $1,138 —
355–395 371 6 300.00–325.00 $309.48 $1,148 -22.26
390 value added 390 1 345.00 $345.00 $1,346 —
400–440 422 6 285.00–320.00 $300.33 $1,267 -18.87
445 fancy 445 1 342.50 $342.50 $1,524 —
455 fancy 455 1 332.50 $332.50 $1,513 —
455 value added 455 2 317.50 $317.50 $1,445 -6.72
450–485 473 6 285.00–305.00 $294.39 $1,392 -3.36
500 value added 500 1 312.50 $312.50 $1,562 -1.01
500–545 518 4 278.00–297.50 $286.30 $1,483 -3.21
560–590 value added 573 7 300.00–315.00 $311.03 $1,782 +6.38
565–590 577 3 275.00–307.50 $290.73 $1,678 +1.27
605–635 619 8 260.00–287.50 $270.61 $1,675 +0.33
610–635 value added 622 3 272.50–285.00 $277.44 $1,726 -17.21
660–695 680 3 250.00–265.00 $259.08 $1,762 +8.60
705 705 1 230.00 $230.00 $1,622 -7.81
710 value added 710 1 267.50 $267.50 $1,899 +7.50
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305–320 313 2 282.00–285.00 $283.46 $887 -6.54
385–395 390 2 285.00 $285.00 $1,112 -4.07
410–440 428 3 260.00–265.00 $261.60 $1,120 -6.20
495 495 1 255.00 $255.00 $1,262 -5.00
510–530 518 3 232.50–245.00 $240.86 $1,248 -11.68
580 580 1 245.00 $245.00 $1,421 +10.00

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
310–345 324 4 290.00–297.50 $295.04 $956 -2.46
350–395 373 7 275.00–300.00 $289.88 $1,081 +0.24
400–445 425 6 262.50–282.50 $272.72 $1,159 -4.30
450–485 469 8 245.00–273.00 $265.30 $1,244 +2.43
500–540 519 7 245.00–260.00 $250.65 $1,301 -1.51
565 value added 565 2 250.00 $250.00 $1,412 -3.00
570–590 576 4 237.50–257.50 $244.93 $1,411 -5.94
600–640 625 4 225.00–242.50 $232.66 $1,454 -9.80
660–695 678 2 221.00–231.00 $226.13 $1,533 —
710 710 1 210.00 $210.00 $1,491 —
765–775 770 2 200.00–212.00 $206.04 $1,587 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
425 425 1 242.00 $242.00 $1,028 +0.33
510 510 2 210.00–225.00 $217.50 $1,109 -10.00

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
465 465 2 275.00 $275.00 $1,279 +1.69
510–545 534 6 255.00–270.00 $262.52 $1,402 -1.87
570–585 578 2 242.50–255.00 $248.83 $1,438 -9.06
605–635 620 2 235.00 $235.00 $1,457 -10.00

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1055–1300 1153 80-85% 5 100.00–105.00 $102.73 $1,184 -23.62
1140–1215 1178 80-85% 2 125.00–135.00 $129.84 $1,530 +3.49
1055–1420 1217 80-85% 16 112.00–121.00 $115.44 $1,405 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
910–965 933 85-90% 3 95.00–99.00 $97.35 $908 —
910–1055 983 85-90% 5 107.00–110.00 $108.61 $1,068 +0.41

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1385–1400 1393 2 110.00–125.00 $117.54 $1,637 —
1555–1710 1641 5 130.00–140.00 $132.30 $2,171 —

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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
1115–1380 1248 Middle Aged (5-8 yrs)Open 2 2,025.00–2,175.00 $2,107.97 —

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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.