Compared to last week, feeder steers and heifers sold $2 to $5 lower. Trade was fairly active on moderate to good demand. Cattle futures dropped throughout most of the week, and corn futures rose above $6. Unseasonably below freezing temperatures at night throughout the week as well.
Supply included: 77% Feeder Cattle (55% Steers, 0% Dairy Steers, 41% Heifers, 3% Bulls); 12% Slaughter Cattle (95% Cows, 5% Bulls); 11% Replacement Cattle (40% Stock Cows, 18% Bred Cows, 6% Bred Heifers, 35% Cow-Calf Pairs, 1% Bulls). Feeder cattle supply over 600 lbs was 67%.
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AMS_1955-6