Sale reports / Arkansas / Hope Livestock Auction Inc. / 2020-10-15

Hope Livestock Auction Inc.

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Hope, Arkansas · Thu, Oct 15
● Final48 lots reportedUSDA AMS · slug 2058
Feeder Cattle receipts
1,085 head
1,085 vs last sale 0 69 vs year ago 1,154 · 6.0%
Slaughter Cattle receipts
153 head
153 vs last sale 0 153 vs year ago 306 · 50.0%
Replacement Cattle receipts
10 head
10 vs last sale 0 45 vs year ago 55 · 81.8%
View

Reporter comment USDA

As filed

Compared to two weeks ago: Feeder steers 5.00-15.00 lower. Feeder heifers 5.00-10.00 lower. Slaughter cows 1.00-5.00 lower. Slaughter bulls 3.00-10.00 lower. Quality was plain to average. Buyer activity was light. Numerous new crop calves have come to town. Buyers are not as interested in buying these fresh calves with the weather changes taking place. Yearling type cattle and preconditioned cattle still have good demand. Sold a load of preconditioned cattle on video that topped the market.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $134.42/cwt on 225 head.
Average price
$134.42
225 head · 565 lb average
Value per head Derived
$760
Price × average weight ÷ 100
Grade differential Derived
$248
per head · Medium and Large 1 over Medium and Large 2
$11.06/cwt at this weight
vs the market
3.14
vs AR average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1585135.90794195
Medium and Large 2438124.8454730
One grade step is worth $11.06/cwt here — about $248 a head. Across this sale the premium is widest at 0–100 lb. USDA reports each grade on its own line and never publishes the spread.

How it compared 0–100 lb

Same class and week · spot auction only
This sale225 hd
134.42
AR average9 barns · 1,366 hd
137.57
−3.14
A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

Slaughter cattle

By class and quality grade · $/cwt
Cull cows and bulls are graded, not weight-classed — grade is what moves the money here.
ClassGradeDressingAvg wt$/cwt$/headHead
BullsAverage1,60767.071,0787thin
CowsBoner 80-85%Average1,18445.3653743
CowsBreaker 75-80%Average1,44543.486282thin
CowsLean 85-90%Average95034.3932713

Every lot, as filed

48 lots · USDA AMS · Hope Livestock Auction - Hope, AR
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
BullsMedium and Large 1733104.02/cwt98.00–110.007622
BullsMedium and Large 1677107.98/cwt105.00–110.007313
BullsMedium and Large 1621112.12/cwt107.00–117.006965
BullsMedium and Large 1481125.51/cwt123.00–128.006048
Bred CowsMedium and Large 1-21,043901.38/cwt875.00–925.009,4012
BullsMedium and Large 1533119.04/cwt115.00–125.0063415
SteersMedium and Large 1369153.63/cwt150.00–157.005679
SteersMedium and Large 1790115.00/cwt115.00–115.009092
SteersMedium and Large 1570124.00/cwt120.00–129.007078
SteersMedium and Large 1865112.47/cwt110.00–115.009732
SteersMedium and Large 1669122.68/cwt120.00–126.008219
BullsMedium and Large 1572116.78/cwt112.00–124.0066810
HeifersMedium and Large 1616115.76/cwt113.00–121.007134
SteersMedium and Large 1Value Added680137.25/cwt137.25–137.2593373
SteersMedium and Large 1517133.63/cwt127.00–143.0069118
SteersMedium and Large 1328154.93/cwt152.00–158.005082
SteersMedium and Large 1425149.14/cwt142.00–155.0063431
SteersMedium and Large 1721119.16/cwt115.00–125.008597
HeifersMedium and Large 1319135.76/cwt133.00–138.004336
HeifersMedium and Large 1369133.82/cwt131.00–137.004946
HeifersMedium and Large 1726109.76/cwt105.00–114.007975
SteersMedium and Large 1475137.17/cwt130.00–145.0065215
HeifersMedium and Large 1577114.03/cwt110.00–123.0065810
HeifersMedium and Large 1514117.61/cwt115.00–124.0060511
HeifersMedium and Large 2328120.02/cwt117.00–123.003942
HeifersMedium and Large 2466110.62/cwt109.00–113.005155
HeifersMedium and Large 1784109.57/cwt105.00–114.008595
SteersMedium and Large 1623121.94/cwt120.00–125.0076019
SteersMedium and Large 2378132.00/cwt130.00–135.004994
HeifersMedium and Large 1429127.34/cwt120.00–135.0054610
SteersMedium and Large 2476119.73/cwt115.00–123.005707
SteersMedium and Large 2533117.95/cwt116.00–120.006292
HeifersMedium and Large 1670112.45/cwt108.00–116.007539
HeifersMedium and Large 1470121.34/cwt118.00–125.0057014
SteersMedium and Large 2558111.35/cwt105.00–115.006213
SteersMedium and Large 2428126.88/cwt123.00–130.0054310
SteersMedium and Large 2320135.06/cwt130.00–140.004324
HeifersMedium and Large 2373119.27/cwt115.00–124.004453
HeifersMedium and Large 2524107.52/cwt103.00–110.005638
HeifersMedium and Large 2423111.78/cwt110.00–115.004735
CowsBreaker 75-80%1,44543.48/cwt42.00–45.006282
CowsLean 85-90%97737.11/cwt34.00–40.0036310
Bulls1,67671.77/cwt70.00–76.001,2035
CowsBoner 80-85%1,19246.30/cwt42.00–52.0055234
CowsBoner 80-85%1,31353.71/cwt53.00–54.007053
CowsBoner 80-85%1,07735.84/cwt34.00–37.003866
CowsLean 85-90%86025.33/cwt25.00–26.002183
Bulls1,43355.32/cwt53.00–58.007932

How this sale compares

Arkansas weighted averages
One sale is one barn on one day. The state ladder is every Arkansas auction USDA reported that week, weighted by head — the fairer test of whether a lot sold well.