Cattle Market Pulse

Meridian Stockyard Market Report

Meridian, Mississippi · USDA-reported Auction Livestock

Sale of Monday, October 23, 2023

566 head sold ·Official USDA report

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

heavy 5-weight M&L 1 heifers $222.00/cwt ≈ $1,285/hd at 579 lb · 54 head
light 7-weight M&L 1 heifers $207.00/cwt ≈ $1,536/hd at 742 lb · 25 head
light 6-weight M&L 1 steers $230.00/cwt ≈ $1,433/hd at 623 lb · 19 head

Receipts

HeadThis saleLast saleLast year
Total receipts 566 280 371
Feeder cattle 459 196 322
Slaughter cattle 73 52 30
Replacement cattle 34 32 19

Market comments — USDA reporter

Good day, as compared to the last market feeder steers were 3-5 lower and heifers steady. 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
440 440 1 254.00 $254.00 $1,118 -16.62
455–470 466 4 253.00–258.00 $254.72 $1,187 -13.28
505–515 509 5 245.00–253.00 $248.59 $1,265 -1.41
623–625 623 19 230.00 $230.00 $1,433 —
655 655 2 230.00 $230.00 $1,506 —
750 750 1 230.00 $230.00 $1,725 —
800 800 4 200.00 $200.00 $1,600 —
945 945 1 185.00 $185.00 $1,748 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
305–330 313 3 260.00–264.00 $261.95 $820 -9.42
350 350 1 257.00 $257.00 $900 -12.23
410–447 431 5 244.00–251.00 $247.38 $1,066 -15.12
470 470 1 246.00 $246.00 $1,156 -14.00
505–530 518 2 229.00–230.00 $229.49 $1,189 -2.20
572–590 578 3 238.00–240.00 $238.68 $1,380 +3.68
603–645 612 5 220.00–221.00 $220.20 $1,348 —
688 688 4 222.00 $222.00 $1,527 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
462 462 5 259.00 $259.00 $1,197 —
533 533 10 256.00 $256.00 $1,364 —
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
320–330 325 2 250.00–253.00 $251.52 $817 +1.52
360–385 373 2 250.00–251.00 $250.48 $934 -7.52
450 450 2 241.00–243.00 $242.00 $1,089 —
585 585 1 210.00 $210.00 $1,228 -10.00
655–687 680 6 197.00–210.00 $201.24 $1,368 —
725 725 1 205.00 $205.00 $1,486 —

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Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
456–490 458 14 217.00–229.00 $228.08 $1,045 +19.73
529 529 6 219.00 $219.00 $1,159 +15.78
570–580 579 54 216.00–226.00 $222.00 $1,285 —
640 640 1 201.00 $201.00 $1,286 +0.99
680 680 1 205.00 $205.00 $1,394 —
742 742 25 207.00 $207.00 $1,536 —
760 760 1 210.00 $210.00 $1,596 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
390 390 1 228.00 $228.00 $889 +18.04
410–440 422 3 203.00–215.00 $209.37 $884 +10.36
470–480 475 2 205.00–208.00 $206.48 $981 +5.48
535–540 538 2 201.00–202.00 $201.50 $1,084 +8.52
560–590 572 3 194.00–200.00 $197.61 $1,130 +3.63
610–615 613 2 182.00–190.00 $186.02 $1,140 —
685 685 1 185.00 $185.00 $1,267 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
650 650 9 232.00 $232.00 $1,508 —
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
410 410 1 196.00 $196.00 $804 —
490 490 1 190.00 $190.00 $931 —
535–545 540 2 183.00–185.00 $184.01 $994 -3.99

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Feeder Bulls

Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
440 440 1 220.00 $220.00 $968 —
610–615 613 2 178.00–180.00 $179.00 $1,097 -22.00
650 650 1 170.00 $170.00 $1,105 -20.00
805 805 1 110.00 $110.00 $886 —
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
465–485 478 3 226.00–231.00 $228.34 $1,091 -25.66
530 530 1 203.00 $203.00 $1,076 -35.00
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
575–585 580 2 180.00 $180.00 $1,044 -14.03

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Slaughter Cows

Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1005–1180 1094 85-90% 5 63.00–70.00 $65.44 $716 -1.01
1035–1290 1123 85-90% 6 80.50–86.00 $82.69 $929 +0.34
1025–1285 1138 85-90% 5 75.00–79.00 $76.82 $874 -5.53
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1165–1535 1322 80-85% 5 87.00–91.00 $88.79 $1,174 —
1280–1635 1401 80-85% 4 92.50–100.00 $95.61 $1,339 —
Breaker ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1260–1605 1423 75-80% 3 81.00–87.00 $84.48 $1,202 —

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Slaughter Bulls

YG1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1255–1705 1417 3 105.00–109.00 $107.62 $1,525 —
1405–1840 1623 2 112.00 $112.00 $1,818 —

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Bred Cows

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1135–1155 1145 Young (2-4 yrs)2nd Stage (4-6 mo) 2 1,250.00–1,270.00 $1,259.91
1240 1240 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 1 1,210.00 $1,210.00
1335 1335 Middle Aged (5-8 yrs)2nd/3rd Stage (4-9 mo) 2 1,200.00–1,300.00 $1,250.00
Medium and Large 2 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
1065 1065 Middle Aged (5-8 yrs)1st/2nd Stage (1-6 mo) 1 1,075.00 $1,075.00
1140 1140 Middle Aged (5-8 yrs)2nd/3rd Stage (4-9 mo) 1 1,050.00 $1,050.00
1170 1170 Young (2-4 yrs)1st Stage (1-3 mo) 1 1,030.00 $1,030.00
1180 1180 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 1 1,000.00 $1,000.00
Medium and Large 3 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
975 975 Middle Aged (5-8 yrs)1st Stage (1-3 mo) 1 890.00 $890.00

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Cow-Calf Pairs

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $ Δ last sale
1150 1150 Young (2-4 yrs)Open 2 1,400.00 $1,400.00 —
1275 1275 Middle Aged (5-8 yrs)Open 2 1,350.00 $1,350.00 —

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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.