Compared to last week: Slaughter cows steady to 1.00 lower on a very light test. Slaughter bulls 1.00-2.00 higher on a very light test. Demand good. A total of 235 cows and bulls sold with 61 percent going to packers. Estimated dressed cost at the OKC West Livestock Auction: Lean cows 124.85; Boners 126.25; Breakers 119.50; Light weight cows 113.70; Bulls 156.20. Supply included: 61% Slaughter Cattle (95% Cows, 5% Bulls); 39% Replacement Cattle (100% Bred Cows).
Compared to last week: Feeder steers and heifers sold 4.00-6.00 higher. Steer and heifer calves not well tested. Demand moderate to good. Quality plain to average. Triple digit temps are expected to continue for the next few days. This along with an uncertain market has limited receipts. Supply included: 100% Feeder Cattle (63% Steers, 37% Heifers). Feeder cattle supply over 600 lbs was 75%.
***MID-SESSION/CLOSE*** Compared to last week, steer and heifer calves steady on a limited test, yearling steers 1.00 to 2.00 higher, yearling heifers steady. Demand moderate to good, supply light. Feeder Cattle futures have regained some of their losses after last week's sell-off. A heat advisory is in effect for some of the trade area and the high humidity, high temperatures will continue for the next couple of days. Supply included: 100% Feeder Cattle (55% Steers, 33% Heifers, 12% Bulls). Feeder cattle supply over 600 lbs was 54%.
Compared to last week, a light tests this week of feeder steers and heifers weighing 400-700 lbs sold with a steady to firm undertone, with weights over 700 lbs not tested. Demand was moderate to good with supply light. Slaughter cows sold steady to firm on a light test. After last week's sharp losses in the cattle futures, futures found some support on Monday hoping to find some stability in the market. Supply included: 94% Feeder Cattle (35% Steers, 65% Heifers); 6% Slaughter Cattle (78% Cows, 22% Bulls). Feeder cattle supply over 600 lbs was 47%.