My View From The Country

Boom or Bust Bidding

Just like the weather extremes that have defined the past year, last week was a case study in the stocker and feeder market taking a sizeable jump or a steep drop.

Try this on for size: According to reporters from the Ag Marketing Service (AMS), last week's sales ranged from $3 lower to a whopping $10 higher depending on location. Overall, the market was called steady to $2 higher.

"The really rough spot in this week's market picture was a $5 drop in boxed-beef cutouts," AMS analysts say, but point out the direct feedlot trade, finally under way by Friday afternoon in Nebraska, was $1 higher than the previous week at $87. For the week, the average price was on par with the previous one at $85.59 for steers and $85.66 for heifers. The average price for both at the same time last year was $79.07.

The summary below reflects the week ended Aug. 25 for Medium and Large 1 - 500- to 550-lb., 600- to 650-lb., and 700- to 750-lb. feeder heifers and steers (unless otherwise noted). The list is arranged in descending order by auction volume and represents sales reported in the weekly USDA National Feeder and Stocker Cattle Summary:

Summary Table
State Volume Steers Heifers
Calf Weight 500-550 lbs. 600-650 lbs. 700-750 lbs. 500-550 lbs. 600-650 lbs. 700-750 lbs.
OK 34,100 $129.92 $123.04 $118.81 $117.57 $114.11 $109.66
TX 33,100 $118.00 $113.45 $106.74 $111.53 $103.77 $106.43
MO 28,700 $131.14 $126.97 $117.73 $120.87 $116.30 $108.07
KY* 18,100 $117-125 $108-118 $103-1135 $10-115 $99-1083 $94-1045
Dakotas 17,400
South Dakota
North Dakota

$1305.63
**

$126.16
$128.02

$126.32
$123.83

$124.95
**

$117.404
**

$114.42
$114.59
AL 16,400 $115-123 $108-1153 $102-1065 $108-116 $102-108 $94-1035
NE 12,800 $138.19 $126.29 $125.66 $123.592 $117.624 $116.88
AR 10,700 $119.40 $113.56 $108.81 $111.72 105.50 $98.80
TN* 9,900 $118.60 $111.92 $106.15 $110.13 $102.41 $97.81
FL* 9,100 $96-118 $96-108 $97-1034 $94-112 $88-102 $87-964
GA*(***) 8,700 $103-123 $99-114 $93-107 $100-116 $92-105 $89-94
MS* 8,000 $110-120 $100-110 $90-1004 $100-1101 $90-1003 **
Carolinas* 7,000 $102-125 $99-1153 $95-1085 $96-111 $90-1053 $78-955
KS 6,500 $133.84 $127.22 $121.18 $120.102 $115.61 $114.09
LA* 5,900 $108-119 $101-113 ** $103-118 $97-1102 **
WY* 5,600 ** $121.744 $116.83 ** $111.614 $112.64
VA 3,100 $122.992 $115.75 $112.804 $108.25 $106.17 $106.054
WA* 2,500 ** $111.17 $106.11 ** $105.29 $100.97

* Plus 2
** None reported at this weight or near weight
(***) Steers and bulls
NDNo Description
1500-600 lbs.
2550-600 lbs.
3600-700 lbs.
4650-700 lbs.
5700-800 lbs.
6750-800 lbs.
7800-850 lbs.

What's My View From The Country?

As a fulltime rancher, opinion contributor Troy Marshall brings a unique perspective on how consumer and political trends affect livestock production.

Contributors

Troy Marshall

Troy Marshall is a multi-generational rancher who grew up in Wheatland, WY, and obtained an Equine Science/Animal Science degree from Colorado State University where he competed on both the livestock...

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