Calves, Feeder Cattle Much Lower

With the largest auction volume reported by the Agricultural Marketing Service (AMS) since 2010, feeder steers and heifers were quoted $5 to 10 per cwt. lower, with instances of $15 lower. Steer and heifer calves under 550 pounds sold steady to $5 lower.

AMS reporters counted 372,300 head at auction the week ended Jan. 12, which compares to 367,500 the same week last year. The weekly total, including direct and video sales, was 530,300 head.

“Demand was moderate for most longtime weaned and preconditioned cattle,” AMS said. “Lackluster futures market late last week followed through into this week and contributed to the sharp losses occurring in the sale rings throughout the country.”

AMS also suggested some feedlots “had limited interest to procure large numbers of cattle with another round of bone-chilling temps headed their way.”

Cash fed cattle traded at $120 live, $1 to $2 lower, and $190 to $193 dressed, $2 to $5 lower for the week. The Choice cutout ended Friday at $208.23, down from last Friday’s $209.51. Select cutout traded at $201.64, compared to last Friday’s $202.32. The Choice-select spread was $6.59.

 

Latest News

Cow and calf on corn stalks
Cow Fertility, Pregnancy Rate Key Economic Traits

Selling more calves as it relates to cows exposed and cow input costs is a greater indication of business success than any other production parameter.

7 min ago
Grain feeding cows
Texas Cattlemen Face Decisions As Drought Intensifies

Drought conditions and a drier-than-normal winter puts Texas cattle producers in a common dilemma – try to preserve herd size with supplemental feed or cull to stretch limited forage resources for cows and calves.

17 min ago
The surge of COVID-19 cases across the country is hitting rural hospitals especially hard. Many aren’t equipped to handle critical patients, and with hospitals at capacity, some rural hospitals are unable to send patients to urban hospitals for care.
COVID-19 Crisis: Rural Hospitals Have Nowhere to Send Critical Patients

The surge of COVID-19 cases across the country is hitting rural hospitals especially hard. Many aren’t equipped to handle critical patients. Now some hospitals are unable to send patients to urban hospitals for care.

2 hours ago
Cattle and hog margins positive
Profit Tracker: Huge Packer Margins

Cattle feeders saw modest profits for the 10th consecutive week, a headline-worthy observation in normal times. The beef complex is not operating in normal times.

38 min ago
African swine fever virus infects a macrophage.
USDA Awards $14.4 Million in Farm Bill Funding to Protect Animal Health

From increasing practical livestock biosecurity measures to advancing rapid depopulation and disposal abilities during animal disease outbreaks, Farm Bill funding will support endeavors to protect animal health.

2 hours ago
Universities Partner to Study Antimicrobial Use in Food Animal Production

Kansas State University & University of Minnesota researchers collaborate with the FDA Center for Veterinary Medicine and food animal industries to evaluate systems for collecting and evaluating antimicrobial use data.

8 min ago