After moderating briefly during weather-related market disruptions the past couple of weeks, calf prices took another step forward at auction this week.
Steers weighing less than 800 lbs. and heifers weighing less than 700 lbs. traded firm to $5/cwt. higher, according to the Agricultural Marketing Service (AMS) Friday.
“Backgrounders are expecting grass cattle supplies to be especially tight over the next several weeks,” AMS analysts explain. “Record prices brought many calves to town early this year, plus fewer cattle growers dry-wintered stockers due to the high prices and the bitterly cold temperatures. Fewer of the lightweight calves sold last fall will come back up for sale as they left local areas and were placed in growing lots to later be moved straight into the feedlot.”
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Feb. 15, 2014.
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