Calf and feeder cattle prices continue steady to higher this week. Except for calf and feeder cattle prices, markets this week mostly continued in a holding pattern.
Steers and heifers traded steady to $6 per cwt higher this week, according to the Agricultural Marketing Service (AMS). Regionally speaking, prices did the most catching up in the Southeast—$5 to $6 higher from 400 to 700 pounds, according to the National Weekly Feeder and Stocker Cattle Summary from AMS.
Speaking of the Southeast, Blue Grass Stockyards in Lexington, Kentucky hosted a capacity crowd for the grand opening of its new state-of-the-art facility. It replaces the previous, landmark stockyards there—at a different location—which was destroyed by a fire in January of 2016.
Calf prices will likely decline a bit more to a seasonal low in October, but are expected to remain higher year over year through the fourth quarter according to Derrell Peel, Extension livestock marketing specialist at Oklahoma State University.
Feeder Cattle futures closed an average of $1.78 higher week to week on Friday ($1.30 to $2.50 higher).
Listen to Wes Ishmael's Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, SEPT. 16, 2017.