Steer and heifer calves traded steady to $5 per cwt higher the week ending Feb. 17. Agricultural Marketing Service reporters said feeder steers and heifers traded “mostly steady to $5 lower, with some instances of $1 to $2 higher on 600-700 weights.”
In the Southeast, calves traded steady to $3 higher and feeder cattle were steady to $3 lower. Demand was called “very good for lightweight calves, and moderate to good for feeders.”
Warm temperatures create “a lot of interest for grass calves,” AMS reporters say, “with buyers continuing to be very aggressive for longtime weaned calves suitable for summer grazing programs.”
Cash fed cattle in direct trade occurred at $119 to $120 per cwt, steady to $1 higher than the previous week. Dressed sales were called steady at $190 per cwt.
About 32% of the cattle offered in Wednesday’s Fed Cattle Exchange online auction sold this week in a range of $118.50 to $119.25, with the weekly average at $118.77 per cwt.
Choice beef cutout values closed the week at $189.22, up $1.03 from the previous week. The Choice/Select spread stood at $1.03.
Friday’s USDA National Cutter cow carcass cutout value was $164.67, down $0.99 from the previous week.