heavy 8-weight M&L 1 steers$153.01/cwt+0.17 vs last sale · ≈ $1,336/hd at 873 lb · 1,561 head
heavy 7-weight M&L 1 heifers$143.94/cwt-6.05 vs last sale · ≈ $1,120/hd at 778 lb · 1,412 head
light 7-weight M&L 1 heifers$150.43/cwt-2.11 vs last sale · ≈ $1,093/hd at 727 lb · 1,153 head
Receipts
Head
This sale
Last sale
Last year
Total receipts
19,274
27,924
16,098
Feeder cattle
17,973
26,657
15,032
Slaughter cattle
1,301
1,267
1,066
Market comments — USDA reporter
Compared to last week: Feeder steers under 650 lbs 2.00 to 5.00 higher, over 650 lbs steady to 2.00 higher. Feeder heifers under 800 lbs 2.00 to 5.00 lower, over 800 lbs steady to 1.00 higher. Demand remains very good for light steers and heifers to background, either in a feedyard or on grass, moderate to good demand for the heavier cattle bound for finishing yards. As feed cost have risen so sharply, and the CME Live Cattle contracts retreated, cattle feeders are facing much difficulty to buy feeder cattle that will have a breakeven price in line with where the futures contracts are at for that time period. The lofty levels of the fall months of the Feeder Cattle futures is making for a very active and highly competitive market for cattle to background and make yearlings of. The supply of these cattle are dwindling greatly, which is also driving the market. Drought still remains across a good portion of the state, creating more worry for these producers as they just don’t know how much stock they will be able to run. Cash fed cattle in Iowa traded up to 143.00 this week, still well below where most cattle feeders expected the spring market to be at. Slaughter cows steady to 1.00 higher, bulls 2.00 higher
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 under 650 lbs 2.00 to 5.00 higher, over 650 lbs steady to 2.00 higher. Feeder heifers under 800 lbs 2.00 to 5.00 lower, over 800 lbs steady to 1.00 higher. Demand remains very good for light steers and heifers to background, either in a feedyard or on grass, moderate to good demand for the heavier cattle bound for finishing yards. As feed cost have risen so sharply, and the CME Live Cattle contracts retreated, cattle feeders are facing much difficulty to buy feeder cattle that will have a breakeven price in line with where the futures contracts are at for that time period. The lofty levels of the fall months of the Feeder Cattle futures is making for a very active and highly competitive market for cattle to background and make yearlings of. The supply of these cattle are dwindling greatly, which is also driving the market. Drought still remains across a good portion of the state, creating more worry for these producers as they just don’t know how much stock they will be able to run. Cash fed cattle in Iowa traded up to 143.00 this week, still well below where most cattle feeders expected the spring market to be at. Slaughter cows steady to 1.00 higher, bulls 2.00 higher