Oklahoma feeder cattle prices8/23/2023 13, 2018, OSU Cow/Calf Corner newsletter. Peel is an Oklahoma State University Extension livestock marketing specialist. If feeder cattle prices maintain a similar price relationship into the fall and forage conditions are good, fall feeder markets may follow seasonal price patterns rather closely.ĭerrell S. A value of gain at this level indicates relatively less feedlot demand for lightweight feeders and is an economic signal for increased stocker production. Value of gain for added feeder cattle weight is largely a reflection of feedlot demand for feeder cattle of various weights. This results in a value of gain of $1.19 per pound on 309 pounds of gain, calculated as. For example, combined Oklahoma feeder auction prices in the first week of August for 465-pound steers (Medium/Large Number 1) were $171.59 per cwt and the price of 774-pound steers was at $150.65 per cwt. Current markets may suggest opportunities for stockers or backgrounding this fall. Cooler-than-average temperatures is resulting in cooler soil temperatures, which may support early wheat planting after Labor Day.įorage conditions will determine the ability of stocker producers to demand stocker cattle, but it is economic conditions that will determine the willingness of producers to purchase stockers for winter grazing. In general, moisture conditions are quite variable across most of the wheat belt in Oklahoma. However, an unseasonal cool, wet weather pattern is in place in Oklahoma with more rain expected in coming days. The current Drought Monitor shows widespread moderate to extreme drought conditions in western Oklahoma. In the Southern Plains, stocker cattle demand for winter wheat grazing plays a big role in seasonal demand to offset large seasonal supplies of calves in the fall. Stocker demand will be the key to calf prices, and that will largely be determined by forage conditions. However, feeder cattle demand will be the key. Benefit from arbitrage and spread opportunities with other commodities such as grains. Facilitate price discovery and manage price risk related to the purchase or sale of cattle. Will feeder markets follow seasonal patterns this fall? With the ample supplies described above, there is plenty of supply pressure to expect seasonal price declines or more this fall. Manage the risk inherent in cattle production and processing with Live Cattle futures and options. On average, feeder cattle prices decline 4 to 5 percent from August to lows in the fourth quarter. Calf and stockers up to 600 pounds (which peak in March) typically have a seasonal low price in October, while heavier feeder cattle decline from an August peak through the end of the year. Prices for feeder cattle typically decline seasonally for all weight classes after August. All indications are that fall feeder markets will feature a calf run larger than last year and abundant feeder supplies. Estimated feeder supplies on July 1 were 0.5 percent higher than one year ago. The July Cattle report estimated the 2018 calf crop nearly 2 percent higher than 2017. National data for feeder and stocker cattle sales in the month of July were 7 percent over last year. ![]() All rights reserved.Cool, wet August improves fall grazing prospects ShayLe Stewart can be reached at Copyright 2022 DTN, LLC. Feeder Cattle PRICE Today Feeder Cattle Spot Price Chart Live Price of Feeder Cattle per Ounce Markets Insider Markets Stocks Indices Commodities Cryptocurrencies Currencies. Steer calves were trading unevenly steady, but heifer calves traded $3 to $5 stronger.Įven though the economy is uncertain and interest rates are bound to get higher, hopefully buyers will see the bullish outlook of the cattle market, especially the limited supplies of feeder cattle and calves coming down the pike. ( …)Įven though Monday's markets closed lower, at the midsession point for the sale at Oklahoma National Stockyards, in Oklahoma City, feeder steers were trading steady to $3 higher and feeder heifers were trading $1 to $3 higher. ![]() Missouri is the only one okay for moisture, looking at the June 9 drought monitor. Of the top 10 beef producing states (Texas, Oklahoma, Missouri, Nebraska, South Dakota, Kansas, Montana, Kentucky, North Dakota and Florida), only four of the states (Kentucky, Missouri, North Dakota and Florida) don't still have some level of drought concern, although even three of those four have some abnormally dry pockets. Not all regions have the moisture they hoped. ![]() Weather will continue to be a driving force that the feeder cattle market must deal with because, even though some areas got rain, hay supplies are still desperately thin. Thankfully, some parts of the United States have received rain, helping to alleviate some drought conditions for cattlemen and help the 2022 corn crop. Both sales will be big market influencers as they'll give buyers and sellers an idea of where the market prices will start.
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