Prices for stocker and feeder cattle declined significantly during November, according to Drovers’ 50-market auction summary. All classes declined 2 to 5 percent last month.
Despite the declines, prices remain just slightly below the five-year average for November, according to Drovers’ historical data. Prices for steer calves weighing 400 to 500 pounds averaged $116.04 per hundredweight during November, a drop of $2.90 per hundredweight. Yearling steers weighing 600 to 700 pounds declined $5.33 per hundredweight to $100.63. Heifer calves weighing 400 to 500 pounds decreased $4.89 per hundredweight to $101.74. Yearling heifers weighing more than 600 pounds averaged $92.40 per hundredweight, a decline of $5.08 per hundredweight during November.