Stocker and feeder prices during August were steady to $2 higher, according to Drovers’ exclusive 50-market auction summary. Buyer demand was supported by improving feedyard margins and ideas consumer beef demand would improve after Labor Day. Steer calves weighing 400 to 500 pounds saw average bids of $108.57 per hundredweight, an increase of 26 cents. Yearling steers weighing 600 to 700 pounds rose 96 cents per hundredweight to average $99. Heifer calves weighing 400 to 500 pounds brought an average of $98.17, an increase of $1.65 per hundredweight. Yearling heifers weighing more than 600 pounds gained 52 cents per hundredweight to average $89.25 during August.
- New school lunch beef recipes win approval from kids, foodservice
- Prices for corn and soybeans, five years from now
- Drier weather to give big boost to U.S. corn plantings
- The relationship between retail gasoline prices and futures prices
- Agriculture is expected to remain strong in the coming decade
- Domestic ethanol production starts to grow again