Cattle.com

Callaway Livestock Center

Archived Report

3/7/2022

Total Run: 2,476

Market Notes

Compared to last week, steer calves weighing 400-600 lbs sold 10.00-15.00 lower, with a light test of 600-650 lbs selling mostly steady to spots 5.00 lower, a nice offering of feeders over 650 lbs were not well tested with last week on comparable weights or sales but sold with a lower undertone. Feeder heifers weighing 400-500 lbs sold 10.00-20.00 lower, 500-600 lbs sold 15.00-20.00 lower, spots 25.00 lower and a light test of 600-650 lbs sold steady to 3.00 lower. Demand was moderate to good with supply moderate. Prices for feeder heifers weighing 400-600 lbs after several weeks of having a very active market and high lofty prices feel back to earth on Monday after getting top heavy from out of state interest. Slaughter cows sold mostly steady with spots 3.00 lower on the high dressing cows. CME Cattle Futures surprisingly traded higher on Monday with triple digit gains and nearby corn traded lower but the grain markets huge up swing higher last week is what the market is looking at. The conflict in Ukraine has set the stage for fast rising commodity prices and also stressing global supply chains will keep commodity prices volatile and pressure on cattle markets.

Supply included: 92% Feeder Cattle (66% Steers, 30% Heifers, 4% Bulls); 8% Slaughter Cattle (73% Cows, 27% Bulls). Feeder cattle supply over 600 lbs was 44%. AUCTION This Week Last Reported 2/28/2022 Last Year Total Receipts: 2,476 1,371 3,089 Feeder Cattle: 2,280(92.1%) 1,174(85.6%) 2,879(93.2%) Slaughter Cattle: 196(7.9%) 197(14.4%) 210(6.8%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 219 219 0.0000 $767
400-500 199 203 211 $913
500-600 178 187 198 $1,027
600-700 161 174 186 $1,128
700-800 141.5 154 166.5 $1,153

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 173 175 176 $612
400-500 167 172 179 $776
500-600 147.75 152 155 $837
600-700 147 149 150 $968
700-800 138.25 138 149 $1,037

*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 $88 $112 $127

Total Run