Cattle Market Pulse

Meridian Stockyard Market Report

Meridian, Mississippi · USDA-reported Auction Livestock

Sale of Monday, January 22, 2024

726 head sold ·Official USDA report

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

heavy 4-weight M&L 2 steers $288.33/cwt +17.99 vs last sale · ≈ $1,344/hd at 466 lb · 46 head
heavy 5-weight M&L 1 steers $269.33/cwt ≈ $1,557/hd at 578 lb · 44 head
light 4-weight M&L 1-2 heifers $273.00/cwt +20.00 vs last sale · ≈ $1,212/hd at 444 lb · 35 head

Receipts

HeadThis saleLast saleLast year
Total receipts 726 442 154
Feeder cattle 619 365 105
Slaughter cattle 56 46 19
Replacement cattle 51 31 30

Market comments — USDA reporter

Good day, as compared to the last market feeder calves were 5-10 higher and slaughter cows and bulls 5-8 higher. Had some really good groups of weaned calves today.

New to these tables? Plain-English explainers ↓

Feeder Steers

Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
360–395 387 5 298.00–305.00 $300.65 $1,164 +2.93
405–445 441 16 285.00–293.00 $287.22 $1,267 +15.88
451–475 466 46 285.00–292.00 $288.33 $1,344 +17.99
570–590 582 18 261.00–265.00 $262.64 $1,529 +6.38
610 610 1 230.00 $230.00 $1,403 +10.35
655–680 672 15 225.00–235.00 $233.52 $1,569 —
725 725 2 218.00 $218.00 $1,580 +5.06
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
235–245 240 2 313.00–323.00 $318.10 $763 —
285 285 1 318.00 $318.00 $906 +1.01
330 330 1 320.00 $320.00 $1,056 +8.47
360–375 368 2 308.00–310.00 $309.02 $1,137 —
405 405 1 314.00 $314.00 $1,272 +33.51
520–545 535 15 268.00–276.00 $274.61 $1,469 +6.17
562–587 578 44 269.00–270.00 $269.33 $1,557 —
605–615 608 3 245.00–261.00 $250.72 $1,524 +18.09
838 838 4 214.00 $214.00 $1,793 —
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
385 385 1 280.00 $280.00 $1,078 -1.67
445 445 2 263.00–265.00 $264.00 $1,175 +14.00
485 485 1 260.00 $260.00 $1,261 ±0.00
557–585 564 8 241.00–248.00 $242.82 $1,370 -0.18
605–625 615 2 213.00–220.00 $216.56 $1,332 —
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
500 500 11 284.00 $284.00 $1,420 —

↑ Back to top

Feeder Heifers

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
250 250 1 288.00 $288.00 $720 —
350–380 363 3 263.00–266.00 $264.66 $961 -3.34
411–442 438 34 261.00–266.00 $265.45 $1,163 +21.51
460–470 460 33 260.00–267.00 $266.66 $1,227 —
515–545 535 3 249.00–253.00 $250.28 $1,339 +11.83
582–584 582 11 244.00–255.00 $246.01 $1,432 —
620–630 625 2 218.00–222.00 $219.98 $1,375 +6.41
680 680 1 217.00 $217.00 $1,476 —
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
290 290 1 270.00 $270.00 $783 +20.00
332 332 12 259.00 $259.00 $860 +0.34
410–435 420 4 245.00–252.00 $248.43 $1,043 +12.45
505–535 521 4 235.00–242.00 $238.01 $1,240 +14.09
550–575 555 34 235.00–237.00 $236.29 $1,311 —
605 605 1 205.00 $205.00 $1,240 +12.00
665 665 1 208.00 $208.00 $1,383 —
744 744 7 195.00 $195.00 $1,451 +6.68
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
444 444 35 273.00 $273.00 $1,212 +20.00
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
460–485 473 3 230.00–240.00 $235.97 $1,116 +20.97
510 510 1 222.00 $222.00 $1,132 +14.08
555–580 568 3 220.00–231.00 $227.08 $1,290 —

↑ Back to top

Feeder Bulls

Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
415 415 1 260.00 $260.00 $1,079 —
560–580 567 3 235.00–240.00 $238.29 $1,351 +18.29
Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
565 565 1 255.00 $255.00 $1,441 —
720–730 725 2 195.00–205.00 $200.03 $1,450 -2.97
Medium and Large 3 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
545 545 1 220.00 $220.00 $1,199 —
560–580 570 2 216.00–222.00 $219.05 $1,249 —

↑ Back to top

Slaughter Cows

Lean ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
830–900 865 85-90% 2 64.00–71.00 $67.36 $583 —
810–1250 1035 85-90% 3 75.00–83.00 $79.52 $823 +13.40
980–1395 1138 85-90% 3 85.00–90.00 $87.65 $997 +4.22
Boner ($/cwt)
Weight (lb) Avg wt Dressing Head Price range Avg $ ≈ $/hdΔ last sale
1070–1270 1158 80-85% 4 92.00–98.00 $95.18 $1,102 —
1295–1425 1348 80-85% 4 100.00–106.00 $103.47 $1,395 —

↑ Back to top

Slaughter Bulls

YG1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
1190–1640 1415 2 121.00–125.00 $123.32 $1,745 —
1810–2285 2048 2 130.00–132.00 $131.12 $2,685 —

↑ Back to top

Bred Cows

Medium and Large 1 ($/head)
Weight (lb) Avg wt AgeStage Head Price range Avg $
980 980 Middle Aged (5-8 yrs)2nd Stage (4-6 mo) 1 1,275.00 $1,275.00
955–1015 985 Young (2-4 yrs)2nd/3rd Stage (4-9 mo) 2 1,125.00–1,275.00 $1,197.72
945–1215 1085 Middle Aged (5-8 yrs)2nd/3rd Stage (4-9 mo) 3 1,250.00–1,550.00 $1,395.62

↑ Back to top

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.