Compared to last week: Feeder steers 2.00 to 4.00 lower, instances to 8.00 lower on 600-650 lbs. Feeder heifers steady to 2.00 lower. Demand only moderate. Once again this week demand was best for light weight steers and heifers as buyers of this class of cattle will be marketing their stock in a later time period. The heavier weight cattle that will reach finished weights in the last half of the year are finding far fewer outlets. These cattle feeders are very uncertain as how to proceed when buying cattle. The current basis was 10.00 to 15.00 cash over the futures this week leaving them wondering how long this unacceptably wide basis will continue? The futures contracts were designed to provide risk management but how can it do that when the futures contracts don't accurately reflect the current market? What is the current fat cattle market? Dressed steers ranged from 147.00-160.00, another very wide range this week. While Choice boxed beef sells at 367.56 is the best cattle feeders can hope for is 160.00 dressed? Many cattle feeders report they can't even get a bid, and then concerning cattle they sold in recent weeks ago they can't get a date to get them slaughtered. Cattle feeders have always been optimists, always looking ahead for a better market to come but with this much market dis-function, piled on top of the extreme amount of equity lost in less than 12 months, they are wondering how they will survive. Cattle producers that have been waiting on marketing are now selling as big strings of backgrounded yearlings are starting to be offered at the auctions. Slaughter cows 2.00 to 5.00 higher, full advance on the Lean cows, bulls sold with higher undertones.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 69 | — | 526 | 115.00–134.00 | 121.30 |
| 14 | — | 428 | 151.00–156.00 | 152.74 |
| 6 | — | 332 | 160.00 | 160.00 |
| 11 | — | 730 | 106.50 | 106.50 |
| 18 | — | 674 | 114.00–121.00 | 117.96 |
| Heifers — Medium and Large 1 · Thin Fleshed$ per cwt · actual wt | ||||
| 23 | — | 569 | 150.75 | 150.75 |
| Heifers — Medium and Large 1 · Replacement$ per cwt · actual wt | ||||
| 86 | — | 856 | 115.00–134.00 | 130.87 |
| 243 | — | 779 | 900.00–1,060.00 | 972.32 |
| 192 | — | 827 | 960.00–1,100.00 | 1,014.57 |
| 57 | — | 854 | 1,050.00 | 1,050.00 |
| 47 | — | 721 | 935.00–960.00 | 939.80 |
| 9 | — | 961 | 1,010.00 | 1,010.00 |
| 473 | — | 722 | 134.00–151.00 | 142.55 |
| 354 | — | 820 | 123.50–133.50 | 128.40 |
| 214 | — | 773 | 130.00–137.00 | 131.27 |
| Heifers — Medium and Large 1$ per cwt · actual wt | ||||
| 94 | — | 981 | 97.00–103.50 | 100.56 |
| 15 | — | 432 | 141.00–144.00 | 142.96 |
| 6 | — | 390 | 150.00 | 150.00 |
| 584 | — | 735 | 114.00–130.00 | 123.50 |
| 110 | — | 525 | 131.00–150.25 | 143.09 |
| 135 | — | 479 | 135.00–158.00 | 144.06 |
| 346 | — | 626 | 122.00–143.50 | 137.14 |
| 530 | — | 579 | 124.00–144.00 | 137.86 |
| 640 | — | 825 | 107.50–117.25 | 112.44 |
| 673 | — | 672 | 121.00–142.50 | 134.55 |
| 376 | — | 928 | 98.00–107.00 | 105.13 |
| 413 | — | 770 | 109.00–128.50 | 119.05 |
| 435 | — | 871 | 104.50–120.00 | 109.97 |
| Heifers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 64 | — | 887 | 103.00–104.00 | 103.22 |
| 6 | — | 594 | 127.00 | 127.00 |
| 42 | — | 642 | 124.00–131.00 | 126.76 |
| 50 | — | 676 | 115.00–122.50 | 116.94 |
| 19 | — | 740 | 113.25 | 113.25 |
| Heifers — Large 1$ per cwt · actual wt | ||||
| 49 | — | 716 | 123.00 | 123.00 |
| Steers — Medium and Large 1$ per cwt · actual wt | ||||
| 944 | — | 733 | 122.00–145.25 | 140.24 |
| 14 | — | 426 | 170.00–180.00 | 177.21 |
| 2,358 | — | 925 | 110.25–123.25 | 117.11 |
| 25 | — | 386 | 187.00–200.00 | 193.02 |
| 1,835 | — | 875 | 114.50–125.50 | 120.71 |
| 1,627 | — | 774 | 120.00–144.50 | 133.20 |
| 1,386 | — | 819 | 119.00–146.00 | 129.61 |
| 240 | — | 1,067 | 106.75 | 106.75 |
| 13 | — | 460 | 167.00–172.00 | 170.45 |
| 731 | — | 667 | 133.00–153.25 | 145.88 |
| 710 | — | 627 | 139.25–156.00 | 149.34 |
| 304 | — | 529 | 152.00–178.00 | 165.19 |
| 185 | — | 568 | 148.50–168.00 | 157.23 |
| 1,186 | — | 974 | 107.00–121.25 | 112.67 |
| Steers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 40 | — | 628 | 131.00–143.00 | 137.45 |
| 59 | — | 970 | 105.50 | 105.50 |
| 20 | — | 660 | 140.50 | 140.50 |
| 17 | — | 730 | 116.50 | 116.50 |
| 8 | — | 575 | 141.00 | 141.00 |
| 65 | — | 787 | 125.25 | 125.25 |
| 60 | — | 946 | 108.00 | 108.00 |
| 148 | — | 880 | 109.50–114.25 | 112.82 |
| Steers — Large 1$ per cwt · actual wt | ||||
| 44 | — | 1,188 | 99.25 | 99.25 |
| 116 | — | 1,144 | 97.25–101.50 | 101.01 |
| 690 | — | 1,026 | 103.50–113.25 | 107.65 |
| 139 | — | 1,072 | 107.00–110.50 | 107.59 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 6 | — | 435 | 157.00 | 157.00 |
| 25 | — | 888 | 105.00 | 105.00 |
| 22 | — | 704 | 115.00 | 115.00 |
| 25 | — | 513 | 139.50–156.00 | 146.06 |
| 50 | — | 685 | 124.00–136.00 | 130.83 |
| 3 | — | 327 | 173.00 | 173.00 |
| 9 | — | 353 | 179.00 | 179.00 |
| 16 | — | 928 | 108.75 | 108.75 |
| 36 | — | 630 | 125.00–143.50 | 131.86 |
| 39 | — | 474 | 160.00–165.00 | 162.48 |
| 39 | — | 840 | 112.00–119.25 | 114.06 |
| 58 | — | 588 | 138.50–148.50 | 145.03 |
| Steers — Medium and Large 1 · Thin Fleshed$ per cwt · actual wt | ||||
| 75 | — | 601 | 158.00 | 158.00 |
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Cows — Breaker 75-80%$ per cwt · actual wt | ||||
| 52 | — | 1,606 | 43.00–60.50 | 56.59 |
| 4 | — | 1,587 | 43.00–53.00 | 49.77 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| 21 | — | 1,370 | 51.00–58.50 | 56.11 |
| 2 | — | 1,485 | 51.00 | 51.00 |
| 1 | — | 1,490 | 59.00 | 59.00 |
| Cows — Premium White 65-75%$ per cwt · actual wt | ||||
| 31 | — | 1,720 | 55.00–60.00 | 57.93 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| 10 | — | 1,354 | 42.00–55.50 | 53.78 |
| 2 | — | 1,240 | 41.00–43.00 | 41.99 |
| Steers — Choice$ per cwt · actual wt | ||||
| 41 | — | 1,536 | 87.75–92.00 | 90.12 |
| 114 | — | 1,438 | 90.50–92.75 | 92.09 |
| Heifers — Choice$ per cwt · actual wt | ||||
| 223 | — | 1,330 | 85.00–91.00 | 89.94 |
| Dairy Steers — Select and Choice$ per cwt · actual wt | ||||
| 4 | — | 1,428 | 65.00 | 65.00 |
| Dairy Steers — Choice$ per cwt · actual wt | ||||
| 41 | — | 1,468 | 70.50–74.00 | 71.79 |
| Bulls$ per cwt · actual wt | ||||
| 4 | — | 1,695 | 80.00–86.00 | 82.89 |
| 1 | — | 2,255 | 87.00 | 87.00 |