light 8-weight M&L 1 steers$136.74/cwt-4.03 vs last sale · ≈ $1,135/hd at 830 lb · 1,863 head
heavy 7-weight M&L 1 heifers$131.57/cwt-2.22 vs last sale · ≈ $1,017/hd at 773 lb · 1,723 head
light 7-weight M&L 1 steers$150.17/cwt-3.70 vs last sale · ≈ $1,085/hd at 723 lb · 1,258 head
Receipts
Head
This sale
Last sale
Last year
Total receipts
23,794
15,313
14,893
Feeder cattle
22,413
13,674
14,344
Slaughter cattle
1,381
1,639
549
Market comments — USDA reporter
Compared to last week: Feeder steers 3.00 to 7.00 lower, heifers 5.00 to 10.00 lower, under 550 lbs to 15.00 lower. Demand was more moderate this week as the cattle futures contracts flopped and the corn futures continue to skyrocket. Large auction receipts, twice as large as last year, with quite a few cattle producers having to sell off their heifers they held back for replacements as the drought conditions continue to plague the central and western parts of the state. The drought is the most extreme in the north central and northwest part of the state, other areas are not much better. Some rain fell in the last few weeks but not enough to run any water to fill up the stock dams. Cattle feeders had just gotten to a profitable level with their fed cattle only to see the market go lower. Packers continue to hold all the leverage in the market as they have pushed the boxed beef market up to 283.77. Outside of last year, the last time Choice beef was this high the fat cattle market was 170.00 live basis, versus the 120.00-123.00 this week. Slaughter cows steady to 2.00 lower, except Breaker cows 5.00 to 6.00 lower. Bulls steady.
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.
Compared to last week: Feeder steers 3.00 to 7.00 lower, heifers 5.00 to 10.00 lower, under 550 lbs to 15.00 lower. Demand was more moderate this week as the cattle futures contracts flopped and the corn futures continue to skyrocket. Large auction receipts, twice as large as last year, with quite a few cattle producers having to sell off their heifers they held back for replacements as the drought conditions continue to plague the central and western parts of the state. The drought is the most extreme in the north central and northwest part of the state, other areas are not much better. Some rain fell in the last few weeks but not enough to run any water to fill up the stock dams. Cattle feeders had just gotten to a profitable level with their fed cattle only to see the market go lower. Packers continue to hold all the leverage in the market as they have pushed the boxed beef market up to 283.77. Outside of last year, the last time Choice beef was this high the fat cattle market was 170.00 live basis, versus the 120.00-123.00 this week. Slaughter cows steady to 2.00 lower, except Breaker cows 5.00 to 6.00 lower. Bulls steady.