Compared to last week: Feeder steers 14.00 to 25.00 lower, feeder heifers 7.00 to 15.00 lower. Light to moderate demand for feeder cattle this week. Cattle feeders were feeling good about the market last week as cash fed cattle rose to 120.00 on Wednesday but that changed by the start of this week. The futures market quickly plunged sharply lower and moved back into the mid 80s and low 90s. As the futures collapsed cattle feeders had to seriously rethink their approach to buying feeder cattle. Feeder cattle were sharply lower this week as cattle feeders struggled to buy cattle that would have a breakeven price in line with what the board was predicting for the coming months. Flesh condition is a major factor in a downward market, fleshy cattle were discounted heavily this week. Many feeder cattle producers chose not to offer any cattle for sale this week due to the extreme weakness in the futures contracts.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Medium and Large 1$ per cwt · actual wt | ||||
| 23 | — | 468 | 135.00–144.50 | 142.30 |
| 25 | — | 449 | 143.50 | 143.50 |
| 32 | — | 384 | 140.00–142.50 | 141.57 |
| 168 | — | 667 | 114.50–135.50 | 129.00 |
| 140 | — | 623 | 129.50–137.00 | 133.71 |
| 114 | — | 518 | 131.00–137.50 | 136.41 |
| 103 | — | 723 | 110.00–126.00 | 117.38 |
| 80 | — | 569 | 125.00–135.00 | 132.29 |
| 86 | — | 775 | 110.50–115.50 | 112.07 |
| 28 | — | 861 | 100.50–106.75 | 103.93 |
| 23 | — | 811 | 111.50 | 111.50 |
| 8 | — | 980 | 95.00 | 95.00 |
| Heifers — Medium and Large 1 · Replacement$ per cwt · actual wt | ||||
| 10 | — | 816 | 114.00 | 114.00 |
| 22 | — | 739 | 117.00–124.50 | 121.40 |
| 67 | — | 794 | 122.00–137.00 | 129.81 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 7 | — | 390 | 130.00 | 130.00 |
| 14 | — | 683 | 93.00 | 93.00 |
| 8 | — | 773 | 105.00 | 105.00 |
| Heifers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 9 | — | 837 | 98.00 | 98.00 |
| Heifers — Medium and Large 1 · Fancy$ per cwt · actual wt | ||||
| 8 | — | 655 | 132.50 | 132.50 |
| Steers — Medium and Large 1$ per cwt · actual wt | ||||
| 12 | — | 853 | 113.00 | 113.00 |
| 9 | — | 479 | 168.50 | 168.50 |
| 94 | — | 969 | 97.00–105.50 | 102.97 |
| 12 | — | 367 | 182.50 | 182.50 |
| 206 | — | 577 | 143.00–159.00 | 153.36 |
| 173 | — | 634 | 135.00–150.00 | 137.51 |
| 43 | — | 411 | 170.00–189.00 | 176.42 |
| 16 | — | 527 | 156.00–160.00 | 158.23 |
| 501 | — | 676 | 130.00–146.00 | 138.25 |
| 353 | — | 820 | 113.75–117.50 | 114.48 |
| 327 | — | 717 | 124.00–137.00 | 129.31 |
| 207 | — | 773 | 107.50–132.00 | 122.57 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 42 | — | 737 | 110.00–120.00 | 115.21 |
| 6 | — | 641 | 127.00 | 127.00 |
| 5 | — | 937 | 88.00 | 88.00 |
| 33 | — | 583 | 130.00–143.00 | 133.60 |
| 15 | — | 490 | 144.00 | 144.00 |
| Steers — Medium and Large 1 · Fancy$ per cwt · actual wt | ||||
| 75 | — | 708 | 140.25 | 140.25 |
| Bulls — Medium and Large 1$ per cwt · actual wt | ||||
| 6 | — | 565 | 136.00 | 136.00 |
| 5 | — | 732 | 111.00 | 111.00 |