Cattle Market Pulse

Lexington Livestock Market Report

Lexington, Nebraska · USDA-reported Auction Livestock

Sale of Friday, February 23, 2024

2,690 head sold ·Official USDA report

This is an archived report. See the latest Lexington Livestock Market report →

light 8-weight M&L 1 steers $251.16/cwt +4.67 vs last sale · ≈ $2,070/hd at 824 lb · 244 head
light 6-weight M&L 1 steers $309.85/cwt +12.70 vs last sale · ≈ $1,943/hd at 627 lb · 222 head
light 7-weight M&L 1 steers $267.14/cwt +9.03 vs last sale · ≈ $1,934/hd at 724 lb · 216 head

Receipts

HeadThis saleLast saleLast year
Total receipts 2,690 4,457 2,147
Feeder cattle 2,690 4,457 2,147

Market comments — USDA reporter

Compared to last week, steers under 600 lbs was 5.00 - 2.00 higher and over 600 lbs was 5.00 - 12.00 higher. Heifers under 650 steady - 10.00 higher over 650 was 2.00 - 8.00 lower, except 750 lbs were 3.00 higher. Demand was good today with a good run offered.

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
428–437 431 34 376.00–379.00 $377.07 $1,625 +31.65
458–472 464 17 339.00–356.00 $346.12 $1,606 +12.12
540–549 544 149 328.00–337.00 $331.66 $1,804 +4.91
563–591 577 92 312.50–322.00 $317.16 $1,830 +6.53
603–645 627 222 272.50–316.00 $309.85 $1,943 +20.09
650–683 667 181 277.00–295.50 $287.65 $1,919 +9.57
706–738 724 216 260.50–274.00 $267.14 $1,934 +6.55
812–832 824 244 245.75–258.25 $251.16 $2,070 +4.67
850–897 888 134 238.00–243.00 $240.19 $2,133 +17.19
1012 1012 15 209.00 $209.00 $2,115 -3.41
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
585 585 10 290.00 $290.00 $1,696 —
641 641 8 274.00 $274.00 $1,756 —
766 766 21 246.50 $246.50 $1,888 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
403 thin fleshed 403 8 344.00 $344.00 $1,386 —
436–447 441 22 312.00 $312.00 $1,376 -8.64
475–493 486 18 295.00–304.00 $298.42 $1,450 —
503–541 513 138 289.50–309.50 $294.60 $1,511 +3.06
561–583 577 108 281.00–293.00 $283.32 $1,635 +10.77
603 thin fleshed 603 34 280.00 $280.00 $1,688 —
600–648 623 131 255.00–271.00 $264.41 $1,647 -3.42
652–692 676 135 240.00–249.00 $245.32 $1,658 -5.32
700–734 727 162 230.00–247.00 $236.95 $1,723 -1.78
766–775 768 117 226.50–237.25 $235.30 $1,807 -11.54
804 804 13 225.50 $225.50 $1,813 —
836 836 39 227.50 $227.50 $1,902 —
870 870 9 209.50 $209.50 $1,823 —
998 998 26 204.00 $204.00 $2,036 —
1075 1075 9 177.00 $177.00 $1,903 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
517–521 519 30 281.00–288.00 $284.51 $1,477 —
569–597 581 52 263.00–272.50 $267.88 $1,556 —
635 635 6 251.00 $251.00 $1,594 +9.15

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
739 739 16 253.00 $253.00 $1,870 —

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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.