Compared to last week, feeder steers and heifers sold mostly steady, with instances $3 lower. Trade activity and demand were moderate to good, with most of the demand being for yearlings going to feedlots. The entire area is still in desperate need of a rain, with the US drought monitor reporting year to date precipitation at just 48% of normal across much of the Panhandle.
Supply included: 69% Feeder Cattle (53% Steers, 43% Heifers, 3% Bulls, 1% Dairy Heifers); 20% Slaughter Cattle (92% Cows, 8% Bulls); 10% Replacement Cattle (45% Stock Cows, 36% Bred Cows, 12% Bred Heifers, 7% Cow-Calf Pairs, 0% Bulls). Feeder cattle supply over 600 lbs was 61%.
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