*Close*
Compared to last week, feeder steers and heifers sold 20.00-30.00 lower. Steer and heifer calves sold 40.00-60.00 lower. Demand was light on a light supply. The largest draft of the day was 93 head of 727 lb. mixed steers which sold for 340.00/cwt. The CME Feeder Cattle Futures continued to see double digit losses on Tuesday. Despite the fundamentals of supply and demand being positive and Boxed Beef prices continuing to rise, tweets and social media comments have put fear into those who invest in the long side of the market. Supply was very light as those who stayed current on the market trends, and were able to hold off selling, did so.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1 | 539 | 388.17 | 2,093 | 134 |
| Large 1-2 | 571 | 355.00 | 2,027 | 5thin |
| Medium and Large 1-2 | 541 | 354.04 | 1,916 | 71 |
| Medium and Large 2 | 573 | 303.03 | 1,736 | 6thin |
| Class | Weight | Grade / description | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Feeder Cattle · Steers24 lots · lightest first | |||||||
| Steers | 300–350 | Medium and Large 1-2 | 333 | 436.74/cwt | 410.00–447.50 | 1,454 | 19 |
| Steers | 350–400 | Medium 2 | 359 | 392.50/cwt | 392.50–392.50 | 1,409 | 6 |
| Steers | 350–400 | Medium and Large 1-2 | 380 | 420.88/cwt | 400.00–440.00 | 1,599 | 38 |
| Steers | 350–400 | Medium and Large 1 | 384 | 452.23/cwt | 450.00–460.00 | 1,737 | 9 |
| Steers | 400–450 | Medium and Large 1-2 | 426 | 393.26/cwt | 375.00–412.50 | 1,675 | 41 |
| Steers | 400–450 | Medium and Large 2 | 434 | 347.15/cwt | 342.50–350.00 | 1,507 | 5 |
| Steers | 400–450 | Medium and Large 1 | 437 | 435.02/cwt | 420.00–440.00 | 1,901 | 8 |
| Steers | 450–500 | Medium and Large 1-2 | 465 | 397.19/cwt | 370.00–410.00 | 1,847 | 48 |
| Steers | 450–500 | Medium and Large 1 | 469 | 417.26/cwt | 412.50–422.50 | 1,957 | 13 |
| Steers | 450–500 | Medium and Large 2 | 492 | 339.94/cwt | 325.00–350.00 | 1,673 | 5 |
| Steers | 500–550 | Medium and Large 1 | 523 | 394.16/cwt | 380.00–417.50 | 2,061 | 81 |
| Steers | 500–550 | Medium and Large 1-2 | 529 | 353.31/cwt | 340.00–370.00 | 1,869 | 49 |
| Steers | 550–600 | Medium and Large 1 | 564 | 379.02/cwt | 372.50–402.50 | 2,138 | 53 |
| Steers | 550–600 | Medium and Large 1-2 | 568 | 355.66/cwt | 345.00–367.00 | 2,020 | 22 |
| Steers | 550–600 | Large 1-2 | 571 | 355.00/cwt | 355.00–355.00 | 2,027 | 5 |
| Steers | 550–600 | Medium and Large 2 | 573 | 303.03/cwt | 300.00–317.50 | 1,736 | 6 |
| Steers | 600–650 | Medium and Large 1 | 616 | 356.51/cwt | 342.00–372.50 | 2,196 | 48 |
| Steers | 600–650 | Medium and Large 1-2 | 622 | 331.84/cwt | 325.00–337.50 | 2,064 | 22 |
| Steers | 650–700 | Medium and Large 1 | 655 | 340.00/cwt | 340.00–340.00 | 2,227 | 12 |
| Steers | 650–700 | Medium and Large 1-2 | 668 | 314.03/cwt | 280.00–330.00 | 2,098 | 19 |
| Steers | 700–750 | Medium and Large 1 | 726 | 340.41/cwt | 340.00–346.00 | 2,471 | 100 |
| Steers | 750–800 | Medium and Large 1 | 761 | 342.50/cwt | 342.50–342.50 | 2,606 | 6 |
| Steers | 750–800 | Medium and Large 1-2 | 780 | 314.19/cwt | 300.00–320.00 | 2,451 | 12 |
| Steers | 1150–1200 | Medium and Large 1-2 | 1,181 | 250.00/cwt | 250.00–250.00 | 2,953 | 5 |
| Feeder Cattle · Heifers21 lots · lightest first | |||||||
| Heifers | 250–300 | Medium and Large 1-2 | 277 | 349.00/cwt | 349.00–349.00 | 967 | 6 |
| Heifers | 300–350 | Medium and Large 1-2 | 336 | 358.02/cwt | 340.00–367.50 | 1,203 | 28 |
| Heifers | 350–400 | Medium and Large 2 | 374 | 319.47/cwt | 300.00–325.00 | 1,195 | 8 |
| Heifers | 350–400 | Medium and Large 1 | 377 | 376.10/cwt | 372.50–390.00 | 1,418 | 14 |
| Heifers | 350–400 | Medium and Large 1-2 | 380 | 351.69/cwt | 340.00–365.00 | 1,336 | 24 |
| Heifers | 400–450 | Medium and Large 1-2 | 419 | 349.10/cwt | 340.00–360.00 | 1,463 | 37 |
| Heifers | 400–450 | Medium and Large 1 | 421 | 372.54/cwt | 362.50–385.00 | 1,568 | 22 |
| Heifers | 400–450 | Medium and Large 2 | 425 | 316.77/cwt | 300.00–320.00 | 1,346 | 12 |
| Heifers | 400–450 | Medium 1-2 | 439 | 318.99/cwt | 300.00–331.00 | 1,400 | 13 |
| Heifers | 400–450 | Large 1-2 | 444 | 353.00/cwt | 353.00–353.00 | 1,567 | 7 |
| Heifers | 450–500 | Medium and Large 1-2 | 481 | 329.45/cwt | 322.50–335.00 | 1,585 | 20 |
| Heifers | 450–500 | Medium and Large 1 | 487 | 345.18/cwt | 345.00–350.00 | 1,681 | 27 |
| Heifers | 500–550 | Medium and Large 2 | 513 | 275.00/cwt | 275.00–275.00 | 1,411 | 5 |
| Heifers | 500–550 | Medium and Large 1 | 523 | 333.75/cwt | 326.00–347.50 | 1,746 | 79 |
| Heifers | 500–550 | Medium and Large 1-2 | 534 | 303.72/cwt | 292.50–322.50 | 1,622 | 10 |
| Heifers | 500–550 | Large 1-2 | 536 | 332.77/cwt | 327.50–335.00 | 1,784 | 16 |
| Heifers | 550–600 | Medium and Large 1 | 575 | 326.79/cwt | 323.00–337.50 | 1,879 | 23 |
| Heifers | 550–600 | Medium and Large 1-2 | 582 | 315.00/cwt | 315.00–315.00 | 1,833 | 6 |
| Heifers | 600–650 | Medium and Large 1-2 | 602 | 295.22/cwt | 292.00–300.00 | 1,777 | 5 |
| Heifers | 600–650 | Medium and Large 1 | 623 | 311.59/cwt | 310.00–313.00 | 1,941 | 12 |
| Heifers | 650–700 | Medium and Large 1 | 674 | 312.32/cwt | 285.00–322.50 | 2,105 | 12 |
| Feeder Cattle · Bulls9 lots · lightest first | |||||||
| Bulls | 300–350 | Medium and Large 1 | 320 | 400.00/cwt | 400.00–400.00 | 1,280 | 6 |
| Bulls | 400–450 | Medium and Large 1-2 | 425 | 360.00/cwt | 360.00–360.00 | 1,530 | 5 |
| Bulls | 400–450 | Medium and Large 1 | 433 | 377.97/cwt | 375.00–380.00 | 1,637 | 5 |
| Bulls | 500–550 | Medium and Large 1-2 | 520 | 318.54/cwt | 317.50–320.00 | 1,656 | 7 |
| Bulls | 500–550 | Medium and Large 1 | 534 | 343.00/cwt | 343.00–343.00 | 1,832 | 7 |
| Bulls | 550–600 | Medium and Large 1-2 | 590 | 300.39/cwt | 300.00–302.50 | 1,772 | 13 |
| Bulls | 600–650 | Medium and Large 1-2 | 608 | 300.00/cwt | 300.00–300.00 | 1,824 | 8 |
| Bulls | 600–650 | Medium and Large 1 | 624 | 313.06/cwt | 310.00–317.50 | 1,953 | 13 |
| Bulls | 750–800 | Medium and Large 1-2 | 783 | 264.05/cwt | 260.00–271.00 | 2,068 | 16 |
*Close*
Compared to last week, feeder steers and heifers sold 20.00-30.00 lower. Steer and heifer calves sold 40.00-60.00 lower. Demand was light on a light supply. The largest draft of the day was 93 head of 727 lb. mixed steers which sold for 340.00/cwt. The CME Feeder Cattle Futures continued to see double digit losses on Tuesday. Despite the fundamentals of supply and demand being positive and Boxed Beef prices continuing to rise, tweets and social media comments have put fear into those who invest in the long side of the market. Supply was very light as those who stayed current on the market trends, and were able to hold off selling, did so.
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | 250–300 | 277 | 349.00 | 349.00 |
| 28 | 300–350 | 336 | 340.00–367.50 | 358.02 |
| 24 | 350–400 | 380 | 340.00–365.00 | 351.69 |
| 37 | 400–450 | 419 | 340.00–360.00 | 349.10 |
| 20 | 450–500 | 481 | 322.50–335.00 | 329.45 |
| 10 | 500–550 | 534 | 292.50–322.50 | 303.72 |
| 6 | 550–600 | 582 | 315.00 | 315.00 |
| 5 | 600–650 | 602 | 292.00–300.00 | 295.22 |
| Heifers — Medium and Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 14 | 350–400 | 377 | 372.50–390.00 | 376.10 |
| 22 | 400–450 | 421 | 362.50–385.00 | 372.54 |
| 27 | 450–500 | 487 | 345.00–350.00 | 345.18 |
| 79 | 500–550 | 523 | 326.00–347.50 | 333.75 |
| 23 | 550–600 | 575 | 323.00–337.50 | 326.79 |
| 12 | 600–650 | 623 | 310.00–313.00 | 311.59 |
| 12 | 650–700 | 674 | 285.00–322.50 | 312.32 |
| Heifers — Medium 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 13 | 400–450 | 439 | 300.00–331.00 | 318.99 |
| Heifers — Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | 400–450 | 444 | 353.00 | 353.00 |
| 16 | 500–550 | 536 | 327.50–335.00 | 332.77 |
| Heifers — Medium and Large 2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 8 | 350–400 | 374 | 300.00–325.00 | 319.47 |
| 12 | 400–450 | 425 | 300.00–320.00 | 316.77 |
| 5 | 500–550 | 513 | 275.00 | 275.00 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 19 | 300–350 | 333 | 410.00–447.50 | 436.74 |
| 38 | 350–400 | 380 | 400.00–440.00 | 420.88 |
| 41 | 400–450 | 426 | 375.00–412.50 | 393.26 |
| 48 | 450–500 | 465 | 370.00–410.00 | 397.19 |
| 49 | 500–550 | 529 | 340.00–370.00 | 353.31 |
| 22 | 550–600 | 568 | 345.00–367.00 | 355.66 |
| 22 | 600–650 | 622 | 325.00–337.50 | 331.84 |
| 19 | 650–700 | 668 | 280.00–330.00 | 314.03 |
| 12 | 750–800 | 780 | 300.00–320.00 | 314.19 |
| 5 | 1150–1200 | 1,181 | 250.00 | 250.00 |
| Steers — Medium and Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 9 | 350–400 | 384 | 450.00–460.00 | 452.23 |
| 8 | 400–450 | 437 | 420.00–440.00 | 435.02 |
| 13 | 450–500 | 469 | 412.50–422.50 | 417.26 |
| 81 | 500–550 | 523 | 380.00–417.50 | 394.16 |
| 53 | 550–600 | 564 | 372.50–402.50 | 379.02 |
| 48 | 600–650 | 616 | 342.00–372.50 | 356.51 |
| 12 | 650–700 | 655 | 340.00 | 340.00 |
| 100 | 700–750 | 726 | 340.00–346.00 | 340.41 |
| 6 | 750–800 | 761 | 342.50 | 342.50 |
| Steers — Medium 2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | 350–400 | 359 | 392.50 | 392.50 |
| Steers — Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | 550–600 | 571 | 355.00 | 355.00 |
| Steers — Medium and Large 2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | 400–450 | 434 | 342.50–350.00 | 347.15 |
| 5 | 450–500 | 492 | 325.00–350.00 | 339.94 |
| 6 | 550–600 | 573 | 300.00–317.50 | 303.03 |
| Bulls — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | 400–450 | 425 | 360.00 | 360.00 |
| 7 | 500–550 | 520 | 317.50–320.00 | 318.54 |
| 13 | 550–600 | 590 | 300.00–302.50 | 300.39 |
| 8 | 600–650 | 608 | 300.00 | 300.00 |
| 16 | 750–800 | 783 | 260.00–271.00 | 264.05 |
| Bulls — Medium and Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | 300–350 | 320 | 400.00 | 400.00 |
| 5 | 400–450 | 433 | 375.00–380.00 | 377.97 |
| 7 | 500–550 | 534 | 343.00 | 343.00 |
| 13 | 600–650 | 624 | 310.00–317.50 | 313.06 |