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.