ShayLe Stewart can be reached at Copyright 2022 DTN, LLC. Steer calves were trading unevenly steady, but heifer calves traded $3 to $5 stronger.Įven though the economy is uncertain and interest rates are bound to get higher, hopefully buyers will see the bullish outlook of the cattle market, especially the limited supplies of feeder cattle and calves coming down the pike. ( …)Įven though Monday's markets closed lower, at the midsession point for the sale at Oklahoma National Stockyards, in Oklahoma City, feeder steers were trading steady to $3 higher and feeder heifers were trading $1 to $3 higher. Missouri is the only one okay for moisture, looking at the June 9 drought monitor. Of the top 10 beef producing states (Texas, Oklahoma, Missouri, Nebraska, South Dakota, Kansas, Montana, Kentucky, North Dakota and Florida), only four of the states (Kentucky, Missouri, North Dakota and Florida) don't still have some level of drought concern, although even three of those four have some abnormally dry pockets. feeder cattle in September, October, and November are 166.02, 168.10, and 168.38 for steers and 155. The set of feeder-cattle prices at any point in time reflects a variety of factors, including the overall supply of feeder cattle, fed-cattle prices, feed and forage market conditions, time of year, and other factors. Thus, the expected average price for 700-899 lb. ![]() Live and timed events, videos, livestock markets, sale results. Not all regions have the moisture they hoped. 1 shows the July 19 average auction prices for Oklahoma feeder cattle ranging from 375 pounds (lb.) to 925 lb. DVAuction is the premier real-time auction platform for cattle and livestock auctions. Includes slaughter cattle and feeder and replacement cattle auction prices reported. Weather will continue to be a driving force that the feeder cattle market must deal with because, even though some areas got rain, hay supplies are still desperately thin. Market News, Livestock Cattle Reports, USDA Agriculture Marketing Service. ![]() Thankfully, some parts of the United States have received rain, helping to alleviate some drought conditions for cattlemen and help the 2022 corn crop. 2 / Days when there were adequate cash receipts in Oklahoma City. The feeder futures price would indicate that 500 pound steers in Oklahoma City would be at least $172 per hundredweight in November but the strong basis this month suggests that the price could be $180 per hundredweight or higher this fall.īoth the cash market and the feeder futures indicate that cow-calf producers should expect calf prices that are $10 to $15 per hundredweight higher than last year come November.Both sales will be big market influencers as they'll give buyers and sellers an idea of where the market prices will start. price of 600 to 800 pound feeder steers minus the nearest feeder cattle futures price. Peel said last year calf prices increased $20 to $22 per hundredweight between August and November. Method 3 used the change in LMIC feeder cattle price forecasts from January to March resulting in estimated price impacts of 26.87 per cwt. Accounting for recent price strength and tight cattle supplies next year, USDA raised the third-quarter price forecast for feeder steers by 17.00 to 241.00/cwt. Peel credits good prospects for a large corn crop and lower commodity prices in conjunction with significantly improved forage conditions for the better feeder prices and more marketing options for cow-calf producers.Ĭalf prices are about $25 per hundredweight above this time last year. Method 1 used seasonal price indexes for various feeder cattle weights based on combined Oklahoma auction prices from 2007-2016. Imported Meat Passed for Entry in the U.S. Specifically, we develop a hedonic pricing model to measure the contribution of various calf and lot characteristics, including OQBN preconditioning certification and age and source verification, to feeder cattle prices in Oklahoma. ![]() USDA By-Product Drop Value (Steer) Cow-Cuts & Boneless Beef. We investigate the factors that affect price differentials at Oklahoma feeder cattle auctions. Beef Carcass Price Equivalent Index Value. He said after being on the defensive during the first half of 2013, feeder cattle markets are poised to hold stronger for balance of this year. National Comprehensive Boxed Beef Cutout. Peel, analyst with Oklahoma State University. FEEDER CATTLE STEERS - Medium and Large 1 (Per Cwt / Actual Wt) Head Wt Range Avg Wt Price Range Avg Price 4 264 264 237.00 237.00 4 328 328 247.00 247. TURN-KEY CATTLE OPERATION FOR SALE: Take a look at this remarkable 1,006 +/- acre cattle ranch located in Hughes County, Oklahoma, nestled alongside. Feeder cattle prices have risen about $20 per hundredweight since late May, according to Derrell S. Based on weekly sales monitored by Cattle Current, calf and feeder cattle prices were mainly higher last week.
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