We saw a very big run of feeder cattle with 51,500 head at USDA test auctions, which was 6,000 head over last week. It included big numbers of steers over 800 lbs. and heifers over 700 lbs. that were mostly steady. Lighter weight cattle destined for grazing were steady to $4 higher. This big run is typical because cattle must be moved off of wheat that is destined for combining at harvest by the March 15 insurance deadline.
The slaughter cow receipts at the test auctions continue to decline in most areas and prices were mostly steady to $2 higher except a few auctions that were lower in areas that had big regional numbers. Cow meat prices continue to increase.