Compared to last Thursday, stocker and feeder cattle weak in a light test. Buyer attendance was light. The 5/11 CME Feeder Cattle Index was up another 37 cents to $156.61. Slaughter cows and bulls 4.00-7.00 lower as cow supplies are abundant and cheaper elsewhere and an interest was out of the market. Trade slow to moderate with light to moderate demand. The monthly WASDE report showed USDA raised 2022 beef production by 132m lbs to 27.842 billion. That came mainly via a 175m increase to Q2, with Q3 up 90 and Q4 fading by 135m lbs. The preliminary look at Q1 2023 is for 6.51b lbs and a 2023 yearly total back down to just 25.95 billion - a 7 year low.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1-2 | 611 | 143.32 | 876 | 71 |
| Small and Medium 1-2 | 538 | 129.00 | 694 | 6thin |
| Large 1 | 865 | 122.20 | 1,057 | 51 |
| Class | Grade | Dressing | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|---|---|
| Bulls | — | Average | 1,853 | 109.57 | 2,030 | 17 |
| Cows | Boner 80-85% | Average | 1,254 | 81.80 | 1,026 | 383 |
| Cows | Lean 85-90% | High | 1,184 | 81.52 | 965 | 344 |
| Class | Weight | Grade / description | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Feeder Cattle · Steers6 lots · lightest first | |||||||
| Steers | — | Small and Medium 3-4 | 419 | 112.50/cwt | 112.50–112.50 | 471 | 8 |
| Steers | — | Small and Medium 2-3 | 558 | 165.00/cwt | 165.00–165.00 | 921 | 5 |
| Steers | — | Medium and Large 1-2 | 577 | 179.90/cwt | 178.00–181.00 | 1,038 | 14 |
| Steers | — | Medium and Large 1-2 | 636 | 162.39/cwt | 162.00–163.00 | 1,033 | 13 |
| Steers | — | Large 1-2 | 753 | 133.00/cwt | 133.00–133.00 | 1,001 | 5 |
| Steers | — | Large 1 | 835 | 145.00/cwt | 145.00–145.00 | 1,211 | 12 |
| Feeder Cattle · Heifers11 lots · lightest first | |||||||
| Heifers | — | Medium and Large 1-2 | 491 | 160.00/cwt | 160.00–160.00 | 786 | 6 |
| Heifers | — | Medium and Large 1-2 | 508 | 161.00/cwt | 161.00–161.00 | 818 | 6 |
| Heifers | — | Small and Medium 1-2 | 538 | 129.00/cwt | 129.00–129.00 | 694 | 6 |
| Heifers | — | Medium and Large 1-2 | 578 | 146.62/cwt | 144.50–148.00 | 847 | 18 |
| Heifers | — | Medium and Large 1-2 | 619 | 141.03/cwt | 140.50–141.50 | 873 | 19 |
| Heifers | — | Medium and Large 1-2 | 692 | 133.23/cwt | 129.50–137.00 | 922 | 22 |
| Heifers | — | Large 1 | 717 | 140.00/cwt | 140.00–140.00 | 1,004 | 16 |
| Heifers | — | Large 1 | 848 | 129.00/cwt | 129.00–129.00 | 1,094 | 12 |
| Heifers | — | Large 1 | 867 | 132.00/cwt | 132.00–132.00 | 1,144 | 9 |
| Heifers | — | Large 1 | 1,034 | 92.00/cwt | 92.00–92.00 | 951 | 6 |
| Heifers | — | Large 1 | 1,056 | 88.00/cwt | 88.00–88.00 | 929 | 8 |
| Feeder Cattle · Dairy Heifers2 lots · lightest first | |||||||
| Dairy Heifers | — | Small and Medium 4 | 924 | 77.50/cwt | 77.50–77.50 | 716 | 12 |
| Dairy Heifers | — | Large 3 | 974 | 96.50/cwt | 96.50–96.50 | 940 | 5 |
| Slaughter Cattle · Bulls2 lots · lightest first | |||||||
| Bulls | — | — | 1,823 | 107.96/cwt | 103.00–111.00 | 1,968 | 13 |
| Bulls | — | — | 1,950 | 114.81/cwt | 114.00–115.50 | 2,239 | 4 |
| Slaughter Cattle · Cows7 lots · lightest first | |||||||
| Cows | — | Lean 85-90% | 1,155 | 78.06/cwt | 74.00–81.00 | 902 | 165 |
| Cows | — | Boner 80-85%Certified Prgms | 1,156 | 90.00/cwt | 90.00–90.00 | 1,040 | 15 |
| Cows | — | Lean 85-90% | 1,206 | 84.58/cwt | 81.00–87.00 | 1,020 | 175 |
| Cows | — | Boner 80-85% | 1,206 | 78.58/cwt | 75.00–81.00 | 948 | 175 |
| Cows | — | Boner 80-85%Certified Prgms | 1,300 | 87.00/cwt | 87.00–87.00 | 1,131 | 8 |
| Cows | — | Boner 80-85% | 1,305 | 83.95/cwt | 81.00–86.00 | 1,096 | 185 |
| Cows | — | Lean 85-90% | 1,400 | 90.75/cwt | 90.75–90.75 | 1,271 | 4 |
| Replacement Cattle · Cow-Calf Pairs1 lot · lightest first | |||||||
| Cow-Calf Pairs | — | Medium and Large 1-2 | 1,351 | 1,460.00/cwt | 1,460.00–1,460.00 | 19,725 | 5 |
Compared to last Thursday, stocker and feeder cattle weak in a light test. Buyer attendance was light. The 5/11 CME Feeder Cattle Index was up another 37 cents to $156.61. Slaughter cows and bulls 4.00-7.00 lower as cow supplies are abundant and cheaper elsewhere and an interest was out of the market. Trade slow to moderate with light to moderate demand. The monthly WASDE report showed USDA raised 2022 beef production by 132m lbs to 27.842 billion. That came mainly via a 175m increase to Q2, with Q3 up 90 and Q4 fading by 135m lbs. The preliminary look at Q1 2023 is for 6.51b lbs and a 2023 yearly total back down to just 25.95 billion - a 7 year low.
| Heifers — Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 12 | — | 848 | 129.00 | 129.00 |
| 6 | — | 1,034 | 92.00 | 92.00 |
| 16 | — | 717 | 140.00 | 140.00 |
| 9 | — | 867 | 132.00 | 132.00 |
| 8 | — | 1,056 | 88.00 | 88.00 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 18 | — | 578 | 144.50–148.00 | 146.62 |
| 22 | — | 692 | 129.50–137.00 | 133.23 |
| 6 | — | 508 | 161.00 | 161.00 |
| 6 | — | 491 | 160.00 | 160.00 |
| 19 | — | 619 | 140.50–141.50 | 141.03 |
| Heifers — Small and Medium 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | — | 538 | 129.00 | 129.00 |
| Steers — Small and Medium 2-3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 558 | 165.00 | 165.00 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 13 | — | 636 | 162.00–163.00 | 162.39 |
| 14 | — | 577 | 178.00–181.00 | 179.90 |
| Steers — Small and Medium 3-4$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 8 | — | 419 | 112.50 | 112.50 |
| Steers — Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 12 | — | 835 | 145.00 | 145.00 |
| Steers — Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 753 | 133.00 | 133.00 |
| Dairy Heifers — Large 3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 974 | 96.50 | 96.50 |
| Dairy Heifers — Small and Medium 4$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 12 | — | 924 | 77.50 | 77.50 |
| Cow-Calf Pairs — Medium and Large 1-2$ per cwt · actual wt | ||||||
| Age | Stage | Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|---|---|
| Middle Aged (5-8 yrs) | Open | 5 | — | 1,351 | 1,460.00 | 1,460.00 |
| Bulls$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 13 | — | 1,823 | 103.00–111.00 | 107.96 |
| 4 | — | 1,950 | 114.00–115.50 | 114.81 |
| Cows — Boner 80-85% · Certified Prgms$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 8 | — | 1,300 | 87.00 | 87.00 |
| 15 | — | 1,156 | 90.00 | 90.00 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 175 | — | 1,206 | 75.00–81.00 | 78.58 |
| 185 | — | 1,305 | 81.00–86.00 | 83.95 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 4 | — | 1,400 | 90.75 | 90.75 |
| 165 | — | 1,155 | 74.00–81.00 | 78.06 |
| 175 | — | 1,206 | 81.00–87.00 | 84.58 |