Stocker and feeder cattle prices were uneven last week as a wide range of prices were reported. Yearling feeder cattle sold steady to $2 lower, while calf prices ranged from $3 higher to $3 lower. Movement of cattle in several regions was hampered by heavy rains last week, and weekly auction receipts were down about 15 percent from the previous week.
Cash fed-cattle prices were steady to $1 lower compared to the previous week, ranging from $87.50 to $89 per hundredweight.
Stocker cattle prices have moved 15 percent higher this spring, and the futures markets have rallied that much or more, providing opportunities to lock in solid profits on grazing cattle this year. Analysts note that stocker and feeder cattle may see additional price improvement in the coming weeks if seasonal trends hold true, but none would argue with the logic of locking in a profit on a percentage of your cattle now.
Feeder steers weighing 700 to 800 pounds sold at auction in a range of $98 to $106 per hundredweight last week, with the bulk of cattle at $100 to $104. Steer calves weighing 400 to 500 pounds sold in a range of $114 to $129 per hundredweight, with the bulk of cattle in the $120 to $124 range.