Light calves lead September rally

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click image to zoom All classes of stocker and feeder cattle posted significant gains during September. According to Drovers/CattleNetwork’s 50-market auction summary, steer calves weighing 400 to 500 pounds saw average bids in September of $165.27 per hundredweight, $11.25 higher than during August. Yearling steers weighing 600 to 700 pounds averaged $140.36 during September, an increase of $5.36 per hundredweight. Heifer calves sold for an average of $145.39 per hundredweight, a gain of $5.62 last month. Yearling heifers weighing more than 600 pounds saw average bids last month of $125.38, an increase of $7.46. Prices for all classes of cattle are 9 to 16 percent higher than last year.

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