Cattle Market Pulse

Hope Livestock Auction Market Report

Hope, Arkansas · USDA-reported Auction Livestock

Sale of Thursday, May 16, 2024

851 head sold ·Official USDA report

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

light 5-weight M&L 1 steers $303.51/cwt +10.55 vs last sale · ≈ $1,569/hd at 517 lb · 34 head
heavy 5-weight M&L 1 heifers $265.17/cwt +14.81 vs last sale · ≈ $1,499/hd at 565 lb · 26 head
heavy 4-weight M&L 1 heifers $281.68/cwt +5.63 vs last sale · ≈ $1,329/hd at 472 lb · 23 head

Receipts

HeadThis saleLast saleLast year
Total receipts 851 373 1,162
Feeder cattle 681 314 737
Slaughter cattle 120 49 250
Replacement cattle 50 10 175

Market comments — USDA reporter

Compared to last week: Feeder steers under 550 lbs. unevenly steady; over 550 lbs. 5.00-10.00 lower. Feeder heifers unevenly steady. Slaughter cows 4.00-8.00 higher. Slaughter bulls 3.00-8.00 higher. Market was still strong in most classes of cattle. Heavier weight steers were softer this week. Slaughter cattle were higher after a light test last week. Stock cows were in high demand. Quality was average.

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
305–335 320 8 335.00–365.00 $344.38 $1,102 -7.60
340–345 value added 343 4 360.00–365.00 $362.48 $1,243 —
355–385 370 9 325.00–370.00 $348.01 $1,288 +14.17
400–445 428 13 295.00–335.00 $311.32 $1,332 -10.15
450 value added 450 2 350.00 $350.00 $1,575 —
455–495 474 17 285.00–335.00 $312.79 $1,483 +8.56
500–515 fancy 507 3 322.50–347.50 $332.45 $1,686 —
500–545 514 22 280.00–317.50 $294.55 $1,514 +3.70
515–540 value added 527 9 310.00–320.00 $315.77 $1,664 +3.77
555–595 576 14 275.00–292.50 $284.44 $1,638 -8.55
580 value added 580 2 295.00 $295.00 $1,711 -6.66
600–610 value added 603 4 295.00–297.50 $295.63 $1,783 —
600–645 631 12 255.00–297.50 $266.26 $1,680 -7.33
655–695 674 8 250.00–275.00 $261.25 $1,761 —
705 705 2 225.00 $225.00 $1,586 -27.51
785 785 1 227.50 $227.50 $1,786 -3.53
840 840 1 210.00 $210.00 $1,764 -25.00
915 915 1 208.00 $208.00 $1,903 —
955 955 1 205.00 $205.00 $1,958 —
1050–1055 1053 2 185.00–192.50 $188.76 $1,988 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
310–345 330 10 270.00–305.00 $292.17 $964 +7.17
350–395 376 9 275.00–290.00 $280.21 $1,054 -3.92
400–445 421 7 255.00–270.00 $262.51 $1,105 -6.25
450–495 464 8 245.00–257.50 $251.70 $1,168 -3.46
500–525 519 7 235.00–250.00 $245.06 $1,272 -5.18
550 550 2 245.00 $245.00 $1,348 ±0.00

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
335–345 341 5 302.50–314.00 $307.02 $1,047 +5.84
355–395 373 11 285.00–320.00 $300.55 $1,121 +0.12
405–445 426 13 275.00–315.00 $293.10 $1,249 -4.32
455–465 value added 460 6 290.00–297.50 $293.71 $1,351 —
450–495 476 17 265.00–295.00 $277.44 $1,321 +3.10
500–545 523 14 255.00–277.50 $263.10 $1,376 -0.83
550–575 value added 564 11 267.50–277.50 $272.69 $1,538 —
550–585 566 15 248.00–272.50 $259.65 $1,470 +9.29
600–645 616 9 222.50–262.50 $240.70 $1,483 +1.79
675 675 2 225.00 $225.00 $1,519 -3.78
715–735 728 4 215.00–225.00 $218.71 $1,592 +0.08
760–785 773 2 210.00–213.00 $211.52 $1,635 +11.52
800–845 816 4 205.00–212.50 $208.78 $1,704 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
300–345 328 4 250.00–265.00 $259.85 $852 -15.15
355–395 372 6 245.00–255.00 $250.64 $932 -4.36
420–430 426 4 235.00–250.00 $242.57 $1,033 -2.43
450–485 468 6 227.00–245.00 $232.88 $1,090 -7.12
510–545 523 4 220.00–235.00 $223.91 $1,171 -4.09
550–595 566 6 210.00–222.00 $216.53 $1,226 —
605 605 1 210.00 $210.00 $1,270 —

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
450–475 468 7 280.00–290.00 $287.25 $1,344 +12.25
525–530 528 4 267.00–270.00 $268.49 $1,418 -3.31
550–555 553 2 265.00–275.00 $270.02 $1,493 +1.66
600–620 613 3 240.00–245.00 $241.63 $1,481 -12.40
725 725 1 212.00 $212.00 $1,537 —
750 750 1 200.00 $200.00 $1,500 —
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1890 1890 Young (2-4 yrs)N/A 1 3,000.00 $3,000.00 —

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Slaughter Cows

Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1020–1075 1053 80-85% 9 107.00–112.00 $109.80 $1,156 —
1100–1350 1189 80-85% 19 118.00–135.00 $125.72 $1,495 +6.42
1135–1425 1248 80-85% 4 137.00–148.00 $142.38 $1,777 —
Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
755 755 85-90% 1 60.00 $60.00 $453 —
910–1025 971 85-90% 7 110.00–117.00 $113.64 $1,103 —
1025 1025 85-90% 1 124.00 $124.00 $1,271 —

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1400 1400 1 118.00 $118.00 $1,652 —
1450–1890 1578 12 135.50–147.00 $142.07 $2,242 —
1700–1780 1740 2 150.00–160.00 $155.11 $2,699 —

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Bred Cows

Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt AgeStage Head Price range Avg $ ≈ $/hd
1105–1335 1223 Aged (>8 yrs)3rd Stage (7-9 mo) 4 129.00–136.00 $133.49 $1,633
Medium and Large 1-2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1115–1170 1143 Middle Aged (5-8 yrs)3rd Stage (7-9 mo) 2 2,000.00–2,025.00 $2,012.20
1290 1290 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 1 1,900.00 $1,900.00

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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
1100 1100 Young (2-4 yrs)Open 1 2,400.00 $2,400.00 —
1105–1245 1175 Middle Aged (5-8 yrs)Open 2 1,900.00–2,200.00 $2,041.06 —
1000–1420 1183 Aged (>8 yrs)Open 6 2,100.00–2,350.00 $2,206.27 —
1080–1495 1283 Middle Aged (5-8 yrs)Open 29 1,900.00–2,875.00 $2,424.08 +374.08
1450 1450 Middle Aged (5-8 yrs)Open 1 2,750.00 $2,750.00 —
1500 1500 Aged (>8 yrs)Open 1 1,925.00 $1,925.00 —

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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.