Sale reports / Mississippi / Meridian Livestock Auction / 2023-03-27

Meridian Livestock Auction

Feeder Cattle · Slaughter Cattle · Replacement Cattle · Meridian, Mississippi · Mon, Mar 27
● Final54 lots reportedUSDA AMS · slug 2112
Feeder Cattle receipts
278 head
78 vs last sale 356 129 vs year ago 149 · +86.6%
Slaughter Cattle receipts
32 head
8 vs last sale 40 59 vs year ago 91 · 64.8%
Replacement Cattle receipts
32 head
6 vs last sale 26 6 vs year ago 26 · +23.1%
View

Reporter comment USDA

As filed

Good day, as compared to the last market feeder calves were steady and slaughter cows and bulls were steady as well.

Weight class

Steers · summary 0–100 lb

Weighted average of every reported lot
0–100 lb steers averaged $219.52/cwt on 133 head.
Average price
$219.52
133 head · 499 lb average
Value per head Derived
$1,095
Price × average weight ÷ 100
Grade differential Derived
$301
per head · Medium and Large 1-2 over Medium and Large 3
$45.00/cwt at this weight
vs the market
+5.35
vs MS average

What quality paid 0–100 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1-2567224.001,2703thin
Medium and Large 1491223.671,099113
Medium and Large 2533199.661,06410thin
Medium and Large 3541179.009697thin
One grade step is worth $45.00/cwt here — about $301 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 sale133 hd
219.52
MS average13 barns · 1,137 hd
214.17
+5.35
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
BullsLow1,257103.781,3046thin
CowsBoner 80-85%Average1,12396.511,08412
CowsLean 85-90%Very Low1,01077.4378212

Replacement cattle Per head

By class, stage and age
Bred stock and pairs are reported per head, not per hundredweight — these prices are never mixed with the $/cwt figures above.
ClassStageAgeAvg wt$/headHead
Bred Cows2nd Stage (4-6 mo)Middle Aged (5-8 yrs)970$1,0001thin
Bred Cows1st Stage (1-3 mo)Middle Aged (5-8 yrs)1,065$1,0001thin

Every lot, as filed

54 lots · USDA AMS · Meridian Stockyard - Meridian, MS
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added.
ClassGrade / descriptionWeightAvg wtPriceRangePer headHead
HeifersMedium and Large 2535161.00/cwt161.00–161.008611
SteersMedium and Large 2340225.00/cwt225.00–225.007651
SteersMedium and Large 3515175.00/cwt175.00–175.009011
SteersMedium and Large 3630170.00/cwt170.00–170.001,0711
SteersMedium and Large 3580164.00/cwt164.00–164.009511
SteersMedium and Large 2635175.00/cwt175.00–175.001,1111
SteersMedium and Large 2480200.00/cwt200.00–200.009601
SteersMedium and Large 3675170.00/cwt170.00–170.001,1481
SteersMedium and Large 2840149.00/cwt149.00–149.001,2521
SteersMedium and Large 1329244.49/cwt241.00–253.008047
SteersMedium and Large 1412228.81/cwt218.00–240.009436
SteersMedium and Large 1576211.86/cwt208.00–212.001,22029
SteersMedium and Large 1656199.43/cwt186.00–210.001,3087
SteersMedium and Large 1510200.00/cwt200.00–200.001,0201
SteersMedium and Large 1359248.59/cwt240.00–250.008927
SteersMedium and Large 3380213.00/cwt213.00–213.008091
SteersMedium and Large 1-2567224.00/cwt224.00–224.001,2703
SteersMedium and Large 2572195.03/cwt192.00–196.001,1164
SteersMedium and Large 3705161.00/cwt161.00–161.001,1351
SteersMedium and Large 2373233.76/cwt230.00–238.008722
SteersMedium and Large 1755176.00/cwt176.00–176.001,3291
HeifersMedium and Large 1472205.00/cwt205.00–205.0096836
BullsMedium and Large 3490175.00/cwt175.00–175.008581
BullsMedium and Large 3525170.00/cwt170.00–170.008931
BullsMedium and Large 1505205.50/cwt200.00–211.001,0382
BullsMedium and Large 1470212.00/cwt212.00–212.009961
BullsMedium and Large 1416210.14/cwt205.00–215.008744
CowsLean 85-90%83060.00/cwt60.00–60.004981
CowsLean 85-90%1,00872.45/cwt70.00–75.007305
CowsLean 85-90%1,04284.49/cwt81.00–88.008806
CowsBoner 80-85%1,172100.35/cwt95.00–105.001,1767
CowsBoner 80-85%1,05591.14/cwt90.00–94.009625
Bulls1,29090.00/cwt90.00–90.001,1611
Bulls1,04098.44/cwt96.00–101.001,0242
Bulls1,390111.94/cwt110.00–116.001,5563
Bred CowsMedium and Large 19701,000.00/head1,000.00–1,000.001,0001
Bred CowsMedium and Large 11,0651,000.00/head1,000.00–1,000.001,0001
HeifersMedium and Large 2640168.00/cwt168.00–168.001,0754
HeifersMedium and Large 3418183.31/cwt182.00–185.007663
HeifersMedium and Large 2393201.51/cwt200.00–203.007922
HeifersMedium and Large 1523188.97/cwt188.00–190.009882
HeifersMedium and Large 1605183.00/cwt183.00–183.001,1071
HeifersMedium and Large 1340220.00/cwt220.00–220.007481
HeifersMedium and Large 1371224.26/cwt216.00–225.0083212
HeifersMedium and Large 1407208.71/cwt206.00–220.008499
HeifersMedium and Large 2465190.00/cwt190.00–190.008847
HeifersMedium and Large 3450173.00/cwt173.00–173.007792
HeifersMedium and Large 3380185.00/cwt185.00–185.007031
HeifersMedium and Large 2423195.21/cwt190.00–200.008265
SteersMedium and Large 3305200.00/cwt200.00–200.006101
SteersMedium and Large 1285250.00/cwt250.00–250.007131
SteersMedium and Large 1470227.49/cwt220.00–230.001,06954
HeifersMedium and Large 2328201.63/cwt199.00–204.006612
HeifersMedium and Large 2555160.00/cwt160.00–160.008881

How this sale compares

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