light 9-weight M&L 1 steers$153.58/cwt+5.22 vs last sale · ≈ $1,424/hd at 927 lb · 1,104 head
heavy 8-weight M&L 1 steers$163.50/cwt+11.48 vs last sale · ≈ $1,403/hd at 858 lb · 1,071 head
heavy 7-weight M&L 1 heifers$150.48/cwt+8.84 vs last sale · ≈ $1,163/hd at 773 lb · 994 head
Receipts
Head
This sale
Last sale
Last year
Total receipts
13,743
19,901
14,986
Feeder cattle
12,873
18,831
13,871
Slaughter cattle
870
1,070
1,115
Market comments — USDA reporter
Compared to last week: Feeder steers 5.00 to 10.00 higher, heifers 3.00 to 6.00 higher with instances of 7.00 to 10.00 higher. Cash fed cattle maintained a large positive basis over the futures again this week, cash trades mostly around 146.00 in Iowa and Nebraska which is greatly helping the cattle feeder to maintain a positive outlook. Cattle feeders are faced with very high costs of gain, which has pushed breakeven prices higher, and are very cautious not to buy cattle that look to be inefficient gainers. The moisture received across a good portion of South Dakota has greatly improved the outlook for the growing season, however there are still areas that missed the rains and are extremely dry. The light cattle market remains very stout as turnout time is upon us and the fall months of the feeder cattle board are much higher than the front month. Corn planting is well underway, as the rains finally came bringing the moisture needed to plant a crop and get it growing. Slaughter cows 1.00 to 2.00 lower, bulls sold with higher undertones.
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 5.00 to 10.00 higher, heifers 3.00 to 6.00 higher with instances of 7.00 to 10.00 higher. Cash fed cattle maintained a large positive basis over the futures again this week, cash trades mostly around 146.00 in Iowa and Nebraska which is greatly helping the cattle feeder to maintain a positive outlook. Cattle feeders are faced with very high costs of gain, which has pushed breakeven prices higher, and are very cautious not to buy cattle that look to be inefficient gainers. The moisture received across a good portion of South Dakota has greatly improved the outlook for the growing season, however there are still areas that missed the rains and are extremely dry. The light cattle market remains very stout as turnout time is upon us and the fall months of the feeder cattle board are much higher than the front month. Corn planting is well underway, as the rains finally came bringing the moisture needed to plant a crop and get it growing. Slaughter cows 1.00 to 2.00 lower, bulls sold with higher undertones.