Compared to last week, feeder cattle and calf markets were not fully tested due to limited marketing during the Thanksgiving Holiday week. However, several major auctions held specials on Monday and Tuesday this week with calf and yearlings selling steady to 5.00 higher on an active limited test.
Joplin Regional Stockyards held a calf and yearling special selling over 8000 head and the Oklahoma National Stockyards sold near 6000 head on Monday. Farmer feeder demand was high at Green City, MO on Tuesday for the annual Thanksgiving Yearling Special where prices for 800-900 lb steers were 69.00-75.00 per cwt higher than a year ago, thanks to record high fed cattle prices and much cheaper
corn prices. Over 300 head of top quality 850-900 lb steers averaging 873 lbs sold for a weighted price of 241.44 and near 300 head of steers averaging 932 lbs sold for weighted average price of 234.49. The sellers of these cattle will now have a couple of days to payoff notes then reload for Friday’s annual special calf sale in Green City.
A very active market in Philip, S.D. on Tuesday sold over 3800 head of mostly calves with 95 head of fancy steers weighing 616 lbs trading at 288.50. Pratt Livestock Auction in Pratt, KS on Monday held their annual Special Bred Heifer and Cow sale with over 2800 head on offer with near 1500 head of bred heifers sold, with 534 head selling between 2650.00-3000.00 in the 3rd stage of pregnancy sold with an average price of 2825.79 with a few bred heifers topping out at 3150.00.
Trade developed in Kansas on Wednesday with live fed cattle prices steady with last week at 173.00. Boxed beef values were strong on this holiday shortened week as retailers restock their shelves with beef for consumers that will soon tire of turkey sandwiches. All of us here at the Federal/State Market News Service wish all of you a happy and grateful Thanksgiving filled with fellowship and gratitude for all the blessings that have been bestowed upon us. This week’s auction volume included 48 percent over 600 lbs and 41 percent heifers.