USDA: Eight-Weight Steers Hit $2

June 9, 2014 03:10 AM
 
BT Stocker Cattle

Corbitt Wall with USDA Market News gives the weekly Stocker and Feeder Cattle Summary for the week ending June 6.

Feeder and stocker cattle sold higher again this week, $1 to $6 higher with most $3 to $5 higher across the country. Some of the bigger sales sold as much as $10 higher. The best demand in the South was for lighter four- and five-weight calves, as it’s been all spring. Further north saw good demand for heavier yearling feeders.

Nebraska saw several bad storms with flooding, hail and a lot of damage. However, the real attention wasn’t focused on the weather, instead, on the fact that they broke $2 a pound on 800 pound top-quality steers. This is by far a record, and this price was paid by a corporate feeder. Now that 800 pound steers broke $2 it will probably become the asking price moving forward.

Hear the Corbitt Wall’s full report on Beef Today’s Cattle Markets Center.

 

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