Ozarks Regional Stockyards

Compared to last week, calves under 700 lbs. sold mostly 5.00 lower, a light test of weights under 500 lbs. had spots of 10.00 lower. Feeders over 700 lbs. sold steady to 2.00 higher although true comparisons of like kinds and weights were limited with the previous sale. The supply of feeders was moderate to heavy but has dropped off from the extremely heavy supplies seen the last couple of weeks. A significant amount of bulls was in the offering this week. Demand was moderate although as the summer heat and humidity set in buyers are extremely concerned with those calves carrying lots of hair and they are seeing sharp discounts. The extreme volatility of the futures markets both on the livestock and grain side has worn out many erasers over the last week as buyers try to figure out what may and may not have a chance at making a profit. Last Friday saw the release of the monthly cattle on feed report which was overall bearish as drought conditions led to more placements than was expected. Locally conditions are better than some other areas of the state but lack of rain has grass supplies quickly disappearing.