![]() The average price paid for the top 25 strings sold on Monday at Joplin was $141.16. ![]() The second largest string was 116 heifers (682#) at $134.60. The largest string sold on Monday at Joplin Regional Stockyards was 125 steers (977#) at $126.85. ![]() Joplin Regional Stockyards: Top 25 Steer & Heifer Strings The average price paid for top strings sold on Tuesday from Ozarks Regional Stockyard was $136.27. The second largest string sold on Tuesday from Ozarks Regional was 76 steers (783#) at $134.50. The largest string sold on Tuesday from at Ozarks Regional Stockyard was 113 steers (811#) at $136.25. Ozarks Regional Stockyard (West Plains, Missouri): Top 25 Steer & Heifer Strings The average price paid for top strings sold on Tuesday from Philip Livestock Auction was $133.27. The second largest string sold was 89 heifers (668#) at $139.00. The largest string sold on Tuesday from Philip Livestock Auction was 97 heifers (554#) at $147.00. Philip Livestock Auction (Philip, South Dakota): Top 25 Steer & Heifer Strings The average price paid at OKC West this week for the top 25 strings was $134.48. The second largest string sold at OKC West was 164 steers (798#) at $139.00. The largest string sold this week at OKC West was 167 steers (862#) at $131.85. OKC West (El Reno, Oklahoma): Top 25 Steer & Heifer Strings The average price for the top 25 steer strings (700-899#) sold so far this week was $138.62. The second largest steer string was 113 steers (811#) from West Plains, Missouri at $136.25. The largest steer string sold so far this week on the National Steer Tracker (700-899#) was 124 steers (851#) from Oklahoma City, Oklahoma at $128.75. National Steer Tracker: Largest Steer Strings (700-899#) The average price paid so far this week for the top 25 calf strings (under 500#) was $162.34. The second largest string sold was 43 heifers (376#) from La Junta, Colorado at $192.00. The largest calf string sold so far this week was 80 steers (429#) from Philip, South Dakota at $183.75. However, the March feeder futures price was $134.48 recently, and with an expected early March basis of $1.69 per cwt for 750-pound steers in Oklahoma, this suggests a final price of $136.17 per cwt, close to the current cash price of $136.03 per cwt.National Calf Tracker: Top 25 Largest Steer & Heifer Strings (Under 500#) Of course, a 500-pound stocker purchased now will not reach 750 pounds for some time. In November, the higher prices for the lightweight animals resulted in a lower value of gain of $0.74 per pound. In October, the value of gain was slightly higher at $1.05 per pound based on lower prices for both 500 and 750-pound steers. Using a stocker gain of 250 pounds from 500 to 750 pounds, the value of gain in August was $1.02 per pound. The implications of current market conditions depend on the current weight of animals and the amount of additional weight added to animals prior to sale.Ĭhanges in the price-weight line have different impacts on stocker margins as reflected in the value of gain. For producers holding calves after weaning, the low value of gain must be balanced against the value of preconditioning programs and extra weaning time before sale. Head Wt Range Avg Wt Price Range Avg Price 3 228-245 234 300.00-307.50 304.88 10 260-285 271 285.00-310.00 298.62 15 348 348 330.00 330.00. For example, the most recent prices mean that the value of an additional 50 pounds on a 500-pound steer is about $0.50 per pound. The steep rollback most recently does affect the value of limited weight gain for calves. The price of 500-pound steers dropped from $165.36 per hundredweight (cwt) in August to $154.06 per cwt in October before bouncing back to $166.97 per cwt in November. The result is a sharper bend in the price-weight line, with an even steeper price rollback for steers up to 600 pounds.įor cow-calf producers selling calves at weaning, price level is the most important determinant of revenue. The result is a price line that becomes bent with sharper declines in prices (a bigger price rollback) for animals under 575 pounds and a very flat price structure with little change in prices for steers from 575 to 875 pounds (red line, Figure 1).Īfter posting lows during the winter storm in late October, steer prices for calves and stockers increased sharply in November, though prices for steers over 600 pounds have changed little as shown in the blue line in Figure 1. As often happens in the fall, prices for steers from 575 to 725 pounds decreased more than lighter and heavier animals. Feeder prices declined seasonally, as expected, into October as shown in the red line in Figure 1. The green line in the chart shows the Oklahoma steer price by weight in August with a typical pattern of prices mostly declining as weight increases. Livestock Grain Market News May 20 feeder cattle summary
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