Compared to last week: Feeder steers 5.00 to 9.00 higher except 900-950 lbs 1.00 to 2.00 lower, heifers 8.00 to 12.00 higher except 950-1000 4.00 to 5.00 lower. This week's offering was much larger than last week, higher undertones were very evident. Demand for this large offering of clean, attractive cattle was good. Several lots with multiple loads offered for both steers and heifers. CME Feeder Cattle futures up today as well as corn. Cattle On Feed report came out today stating cattle inventory was down 1% from this time last year. The drought continues to force farmers and ranchers to make decisions to sell earlier than normal as well as downsize cow herds. Slaughter cows steady to 2.00 higher. Slaughter bulls 2.00 higher. Supply included: 95% Feeder Cattle (67% Steers, 33% Heifers); 5% Slaughter Cattle (93% Cows, 7% Bulls). Feeder cattle supply over 600 lbs was 97%.
Compared to last week, a much lighter test and offering this week with steers and heifers under 700 lbs selling mostly steady to firm on similar weights and quality as calves sold in smaller bunches and groups with a light test of 4 weight heifers trading with a firm to higher undertone and two pot loads of 7 weight heifers selling with a higher undertone. Slaughter cows on a light offering sold steady. Supply included: 94% Feeder Cattle (42% Steers, 1% Dairy Steers, 52% Heifers, 4% Bulls); 6% Slaughter Cattle (82% Cows, 18% Bulls). Feeder cattle supply over 600 lbs was 48%.
Compared to last week: Feeder Steers and Heifers sold unevenly steady with a few high quality lots 1.00-2.00 higher. Slaughter Cows and Bulls sold mostly steady. Good demand through out the offering. Supply included: 90% Feeder Cattle (21% Steers, 0% Dairy Steers, 49% Heifers, 29% Bulls); 9% Slaughter Cattle (2% Steers, 87% Cows, 11% Bulls); 1% Replacement Cattle (50% Stock Cows, 50% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 40%.