Cattle Market Pulse

Meridian Stockyard Market Report

Meridian, Mississippi · USDA-reported Auction Livestock

Sale of Monday, February 27, 2023

272 head sold ·Official USDA report

This is an archived report. See the latest Meridian Stockyard report →

light 4-weight M&L 1 heifers $191.04/cwt +18.31 vs last sale · ≈ $846/hd at 443 lb · 21 head
heavy 4-weight M&L 2 heifers $179.78/cwt +20.78 vs last sale · ≈ $849/hd at 472 lb · 11 head
heavy 3-weight M&L 2 steers $216.82/cwt +90.82 vs last sale · ≈ $809/hd at 373 lb · 11 head

Receipts

HeadThis saleLast saleLast year
Total receipts 272 249 148
Feeder cattle 234 220 111
Slaughter cattle 23 11 20
Replacement cattle 15 18 17

Market comments — USDA reporter

Good day, as compared to the last market feeder steers were 5-7 higher, heifers were 10-12 higher and slaughter cows and bulls were steady.

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
275 275 1 250.00 $250.00 $688 +3.67
305–335 317 7 230.00–250.00 $240.45 $762 +14.21
350–385 373 3 230.00–242.00 $235.47 $878 +4.99
405–435 413 4 209.00–219.00 $213.68 $882 +1.84
455–465 460 2 200.00–204.00 $202.02 $929 -20.98
505–530 515 3 193.00–206.00 $198.78 $1,024 +2.30
555 555 1 195.00 $195.00 $1,082 —
605–625 613 3 180.00–191.00 $186.93 $1,146 —
650–665 658 2 184.00–185.00 $184.51 $1,214 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
340 340 1 220.00 $220.00 $748 +10.00
350–395 373 11 210.00–227.00 $216.82 $809 +90.82
460–485 471 4 193.00–195.00 $194.24 $915 -5.76
515 515 1 188.00 $188.00 $968 —
550 550 1 190.00 $190.00 $1,045 —
660 660 1 178.00 $178.00 $1,175 +21.00
995 995 1 113.00 $113.00 $1,124 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
426 426 9 228.00 $228.00 $971 -2.00
487–490 489 4 223.00–224.00 $223.50 $1,093 +3.50
508 508 3 220.00 $220.00 $1,118 -0.48
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
465–485 475 2 174.00–180.00 $177.06 $841 —
565 565 1 175.00 $175.00 $989 +11.00
650–670 660 2 150.00–160.00 $154.92 $1,022 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
310 310 1 190.00 $190.00 $589 +8.00
405–449 443 21 189.00–194.00 $191.04 $846 +18.31
450 450 1 186.00 $186.00 $837 +6.00
510–535 520 4 168.00–176.00 $173.54 $902 +10.54
570–585 578 3 170.00–175.00 $172.65 $998 —
610 610 1 153.00 $153.00 $933 —
840 840 2 142.00 $142.00 $1,193 +11.33
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305–345 327 7 178.00–185.00 $182.23 $596 +16.22
370–375 373 2 182.00–184.00 $182.99 $683 +16.23
405–445 425 5 182.00–185.00 $183.19 $779 +20.70
450–495 472 11 175.00–184.00 $179.78 $849 +20.78
510 510 1 162.00 $162.00 $826 +11.93
555–560 557 3 159.00–161.00 $159.67 $889 +34.67
660 660 1 146.00 $146.00 $964 —
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
335 335 1 171.00 $171.00 $573 —
410–445 432 3 164.00–168.00 $165.95 $717 —
465 465 1 160.00 $160.00 $744 —
540 540 1 148.00 $148.00 $799 —
580 580 1 142.00 $142.00 $824 +5.95

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Feeder Bulls

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
430 430 1 179.00 $179.00 $770 —
505–545 532 3 175.00–178.00 $175.95 $936 -6.55
585 585 2 172.00 $172.00 $1,006 —
620 620 1 160.00 $160.00 $992 —
720 720 1 149.00 $149.00 $1,073 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
460–490 473 3 170.00–176.00 $172.29 $815 —
515 515 1 165.00 $165.00 $850 —
555–570 563 3 157.00–164.00 $161.33 $908 —
625 625 1 149.00 $149.00 $931 -8.00
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
415 415 7 202.00 $202.00 $838 +2.00
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
425 425 1 150.00 $150.00 $638 —

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Slaughter Cows

Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
810–1005 937 85-90% 3 47.00–53.00 $50.28 $471 —
900–1025 963 85-90% 2 61.00–67.00 $63.81 $614 -11.85
815–1190 1025 85-90% 6 75.00–79.00 $76.80 $787 —
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1020–1420 1166 80-85% 4 80.00–85.50 $82.67 $964 -1.00

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Slaughter Bulls

YG1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1160 1160 1 88.50 $88.50 $1,027 —
1205–1515 1372 3 92.00–93.50 $92.80 $1,273 +9.26
YG1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1290–1555 1423 2 105.00–105.50 $105.27 $1,498 —

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Bred Cows

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1065–1080 1073 Middle Aged (5-8 yrs)2nd/3rd Stage (4-9 mo) 2 1,200.00–1,375.00 $1,288.11
Medium and Large 2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
780–1015 898 Middle Aged (5-8 yrs)2nd/3rd Stage (4-9 mo) 2 700.00–850.00 $784.82

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Cow-Calf Pairs

Medium and Large 2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1015 1015 Middle Aged (5-8 yrs)Open 2 1,010.00 $1,010.00 —

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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.