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Archived Report

3/10/2021

Total Run: 624

Market Notes

Compared to last week: Feeder cattle were too lightly tested both this week and last to develop any market trend. Demand was light to moderate for light offerings. Demand for all feeder feed cattle was lighter this week. CME positions continue to struggle on nearby months. Lower contract prices coupled with limited offerings led to lighter demand and lower prices. Quality this week was mostly plain to average. Market activity was slow to moderate. Weigh up cow sold on moderate to good demand for light offerings. Feeding buyers were the driving force this week pushing cows mostly above where packers were willing to even buy feeding cows. Feeding cows sold mostly 1.00-2.00 higher. Weigh up conditions were average to below average this week and significantly poorer than last week. Some feeding buyers were searching for cows that could be bred within the weigh up cow offering. This created uneven demand at times. Slaughter cows sold steady to firm. Slaughter bulls sold fully steady. Two year old to young age cows sold generally steady in a narrow comparison.

Supply included: 48% Feeder Cattle (37% Steers, 45% Heifers, 18% Bulls); 36% Slaughter Cattle (87% Cows, 13% Bulls); 16% Replacement Cattle (100% Stock Cows). Feeder cattle supply over 600 lbs was 50%. AUCTION This Week Last Reported 3/3/2021 Last Year Total Receipts: 624 2,377 663 Feeder Cattle: 299(47.9%) 85(3.6%) 405(61.1%) Slaughter Cattle: 224(35.9%) 547(23.0%) 105(15.8%) Replacement Cattle: 101(16.2%) 1,745(73.4%) 153(23.1%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 190.5 191 0.0000 $857
500-600 165.5 166 167 $913
600-700 $--
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 $--
400-500 159.5 160 160 $719
500-600 145 149 160 $817
600-700 132 135 141.5 $874
700-800 $--

*Approx is the middle weight of the weight group multiplied by the mid point of the high and low for the group. It's meant as a quick method to see what cattle of that weight class are bringing per head.

Cows & Bulls

Type Min Avg Max
Slaughter Bulls $75 $84 $93

Total Run

2021-03-03
2021-03-17
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Past Reports

Location

Billings, Montana