Cattle Market Pulse

Keoco Feeder Cattle Auction Market Report

Sigourney, Iowa · USDA-reported Auction Livestock

Sale of Monday, March 18, 2024

1,963 head sold ·Official USDA report

This is an archived report. See the latest Keoco Feeder Cattle Auction report →

light 5-weight M&L 1 steers $347.52/cwt +56.83 vs last sale · ≈ $1,849/hd at 532 lb · 194 head
heavy 5-weight M&L 1 heifers $299.27/cwt +46.15 vs last sale · ≈ $1,700/hd at 568 lb · 157 head
heavy 4-weight M&L 1 heifers $319.34/cwt +46.19 vs last sale · ≈ $1,523/hd at 477 lb · 130 head

Receipts

HeadThis saleLast saleLast year
Total receipts 1,963 1,241 435
Feeder cattle 1,963 1,241 435

Market comments — USDA reporter

No trend as last report was one month ago (2/19) however a sharply higher undertone was present. Trade and demand were good for the quality cattle offered today for the "Back To Grass Special".

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
373–397 386 38 372.50–408.00 $397.72 $1,535 +81.64
400–447 431 45 367.50–404.00 $384.28 $1,656 +65.50
452–495 469 84 361.00–399.75 $380.75 $1,786 +66.37
500–549 532 194 338.00–370.50 $347.52 $1,849 +56.83
550 unweaned 550 6 325.00 $325.00 $1,788 —
557 thin fleshed 557 17 362.00 $362.00 $2,016 —
555–588 573 59 301.50–340.25 $320.34 $1,836 +31.37
600–648 619 126 282.50–314.00 $307.55 $1,904 +27.36
667–695 674 80 266.00–292.25 $286.31 $1,930 +22.73
710–737 723 98 260.00–275.50 $270.63 $1,957 +23.44
758–795 763 75 253.00–270.00 $266.71 $2,035 +34.20
808–826 817 38 254.00–258.00 $255.30 $2,086 +23.30
880–883 882 25 220.00–232.00 $228.32 $2,014 -1.23
910–940 930 25 221.00–233.50 $227.01 $2,111 —
961 961 56 223.50 $223.50 $2,148 +14.91
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
518 518 8 320.00 $320.00 $1,658 —
665–690 684 16 254.00–258.00 $254.97 $1,744 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
297–298 297 5 320.00–327.50 $324.49 $964 +22.49
310–330 319 5 300.00–352.50 $323.16 $1,031 +26.26
350–396 383 44 326.00–382.00 $367.31 $1,407 +81.92
400–448 425 95 300.00–375.00 $354.96 $1,509 +70.94
462–492 477 130 293.00–350.00 $319.34 $1,523 +46.19
502–545 525 73 277.00–330.00 $302.83 $1,590 +39.29
550–599 568 157 261.00–312.00 $299.27 $1,700 +46.15
600–610 602 26 268.50–276.00 $271.70 $1,636 +23.62
656 unweaned 656 5 241.00 $241.00 $1,581 —
652–667 661 60 250.00–265.00 $257.55 $1,702 +25.23
700–739 728 76 226.00–245.00 $240.25 $1,749 +13.84
758 758 6 236.00 $236.00 $1,789 +9.25
805–812 808 23 205.00–237.00 $223.02 $1,802 +7.54
854–856 855 13 203.00–204.00 $203.69 $1,742 -3.31
862–885 875 14 186.00–193.00 $188.95 $1,653 -18.05
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
405–435 419 7 280.00–310.00 $291.25 $1,220 —
479–498 484 11 261.00–284.00 $269.13 $1,303 —

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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.