light 9-weight M&L 1 heifers$219.81/cwt-2.15 vs last sale · ≈ $2,030/hd at 924 lb · 1,020 head
light 8-weight M&L 1 heifers$231.52/cwt+5.64 vs last sale · ≈ $1,915/hd at 827 lb · 914 head
light 9-weight M&L 1 steers$241.28/cwt+7.69 vs last sale · ≈ $2,235/hd at 926 lb · 807 head
Receipts
Head
This sale
Last sale
Last year
Total receipts
12,982
4,360
11,906
Feeder cattle
11,707
2,973
10,110
Slaughter cattle
1,275
1,387
1,796
Market comments — USDA reporter
Compared to last week: Feeder steers steady to 2.00 lower, heifers not well compared due to limited offerings a week ago. Moderate to good demand for yearling steers and heifers, especially for those that are being offered right off grass. The weakness that exists in the cattle futures complex has had a effect on the cash fat and feeder cattle markets. Cash fat cattle converged with the CME Live Cattle Aug contract, after holding a huge positive basis for the entire year, as the much lower futures complex pulled the cash market down to it's level. Cattle feeders are very spooked by this occurrence as the market fundamentals still remain as strong as they have been but they have seemed to have lost their leverage over the packers as they have taken lower money for their cattle. Feeder cattle have been at historically high prices all summer and now cattle feeders are looking at a futures market at 178.00, much lower than their breakeven prices. The corn crop looks to be very abundant, which is helping to keep feed cost low but with a much lower outlook for the fat market, cattle feeders are having great difficulty getting cattle bought cheap enough to have breakevens that align with the futures. Slaughter cows unevenly steady, 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 steady to 2.00 lower, heifers not well compared due to limited offerings a week ago. Moderate to good demand for yearling steers and heifers, especially for those that are being offered right off grass. The weakness that exists in the cattle futures complex has had a effect on the cash fat and feeder cattle markets. Cash fat cattle converged with the CME Live Cattle Aug contract, after holding a huge positive basis for the entire year, as the much lower futures complex pulled the cash market down to it's level. Cattle feeders are very spooked by this occurrence as the market fundamentals still remain as strong as they have been but they have seemed to have lost their leverage over the packers as they have taken lower money for their cattle. Feeder cattle have been at historically high prices all summer and now cattle feeders are looking at a futures market at 178.00, much lower than their breakeven prices. The corn crop looks to be very abundant, which is helping to keep feed cost low but with a much lower outlook for the fat market, cattle feeders are having great difficulty getting cattle bought cheap enough to have breakevens that align with the futures. Slaughter cows unevenly steady, bulls steady.