Compared to last week: Very few feeder cattle offered in the auctions this week, too few to make a good, complete comparison with last week's much larger offering. Demand only moderate on light cattle for backgrounding, light demand for heavier cattle suitable for finishing. As the CME Live Cattle contracts made huge, expanded limit moves throughout the week cattle producers and cattle feeders are left reeling and not knowing how to proceed. The cattle producers who are able to delay their marketings are doing so, refusing to sell their stock during a time of turmoil in the markets. The cash fed cattle market was lower again but still remains more than 10.00 over April Live Cattle futures which is making it incredibly difficult for cattle feeders to make decisions on buying feeder cattle. With Jun and Aug Live Cattle around 80.00 large losses will occur for cattle placed on feed as calves last fall. Cattle feeders have much anxiety about their ability to withstand another year of equity drain. Feeder cattle producers have the same worry as the feeder market reaches price levels below their costs of production. Slaughter cows 5.00 to 6.00 lower, bulls not well tested but a lower undertone evident.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Medium and Large 1$ per cwt · actual wt | ||||
| 110 | — | 778 | 109.10–111.50 | 109.53 |
| 87 | — | 895 | 102.00–109.50 | 108.22 |
| 67 | — | 913 | 104.00 | 104.00 |
| 5 | — | 468 | 156.00 | 156.00 |
| 411 | — | 678 | 118.50–135.50 | 131.37 |
| 205 | — | 627 | 121.00–139.75 | 131.40 |
| 13 | — | 520 | 141.50–147.00 | 143.57 |
| 274 | — | 731 | 112.00–122.50 | 115.49 |
| 155 | — | 827 | 98.00–112.35 | 109.24 |
| 126 | — | 582 | 120.00–135.50 | 133.63 |
| 28 | — | 422 | 135.00 | 135.00 |
| Heifers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 74 | — | 696 | 116.25 | 116.25 |
| 61 | — | 793 | 97.75–106.00 | 103.16 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 15 | — | 493 | 147.00–148.00 | 147.40 |
| 17 | — | 323 | 152.00–157.00 | 154.98 |
| 23 | — | 410 | 142.00–150.00 | 148.20 |
| 38 | — | 383 | 154.00 | 154.00 |
| 7 | — | 666 | 106.00 | 106.00 |
| Heifers — Large 1 · Fleshy$ per cwt · actual wt | ||||
| 25 | — | 736 | 121.00 | 121.00 |
| Heifers — Large 1$ per cwt · actual wt | ||||
| 26 | — | 602 | 135.50 | 135.50 |
| Heifers — Medium and Large 1-2 · Full$ per cwt · actual wt | ||||
| 5 | — | 696 | 116.00 | 116.00 |
| Heifers — Medium 1 · Fleshy$ per cwt · actual wt | ||||
| 11 | — | 706 | 94.00 | 94.00 |
| Steers — Medium and Large 1$ per cwt · actual wt | ||||
| 104 | — | 919 | 100.00–113.00 | 107.73 |
| 90 | — | 990 | 97.50–102.25 | 101.49 |
| 88 | — | 678 | 134.25–144.50 | 137.55 |
| 87 | — | 531 | 145.00–168.00 | 161.67 |
| 52 | — | 635 | 140.50–155.25 | 148.64 |
| 275 | — | 777 | 123.00–133.50 | 128.75 |
| 17 | — | 576 | 146.00–162.00 | 154.32 |
| 117 | — | 735 | 122.00–136.50 | 132.72 |
| 353 | — | 828 | 114.75–126.75 | 123.84 |
| 7 | — | 376 | 193.00 | 193.00 |
| 13 | — | 454 | 148.00–159.00 | 154.72 |
| 16 | — | 423 | 175.50 | 175.50 |
| 32 | — | 874 | 108.00–116.00 | 112.49 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 5 | — | 329 | 175.00 | 175.00 |
| 7 | — | 478 | 158.50 | 158.50 |
| 8 | — | 374 | 163.00 | 163.00 |
| 20 | — | 546 | 146.00–157.00 | 152.62 |
| 5 | — | 661 | 123.50 | 123.50 |
| 6 | — | 578 | 136.00 | 136.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| 32 | — | 1,041 | 104.00 | 104.00 |
| Steers — Medium 1 · Fleshy$ per cwt · actual wt | ||||
| 16 | — | 795 | 106.50 | 106.50 |
| Steers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 7 | — | 983 | 95.00 | 95.00 |
| 43 | — | 855 | 104.50 | 104.50 |
| Bulls — Medium and Large 1-2$ per cwt · actual wt | ||||
| 8 | — | 514 | 133.00 | 133.00 |
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Dairy Steers — Choice$ per cwt · actual wt | ||||
| 13 | — | 1,431 | 72.00–75.00 | 74.07 |
| Steers — Select and Choice$ per cwt · actual wt | ||||
| 40 | — | 1,402 | 91.00 | 91.00 |
| Steers — Choice$ per cwt · actual wt | ||||
| 7 | — | 1,447 | 94.50–96.00 | 95.34 |
| 5 | — | 1,585 | 96.00 | 96.00 |
| Heifers — Choice$ per cwt · actual wt | ||||
| 7 | — | 1,267 | 94.50 | 94.50 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| 18 | — | 1,172 | 40.00–46.00 | 42.87 |
| 16 | — | 1,191 | 27.00–38.00 | 33.29 |
| 1 | — | 1,200 | 46.50 | 46.50 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| 3 | — | 1,465 | 52.50–53.00 | 52.68 |
| 2 | — | 1,375 | 41.50–42.00 | 41.75 |
| 28 | — | 1,256 | 43.00–49.00 | 44.95 |
| Cows — Breaker 75-80%$ per cwt · actual wt | ||||
| 12 | — | 1,531 | 43.50–53.00 | 47.23 |
| 13 | — | 1,579 | 41.50–44.00 | 42.84 |
| Bulls$ per cwt · actual wt | ||||
| 4 | — | 1,792 | 72.00–74.50 | 73.47 |
| 1 | — | 1,675 | 65.00 | 65.00 |
| 1 | — | 1,515 | 66.50 | 66.50 |