Dry weather conditions are pushing more feeder cattle to auctions in some areas with more new crop calves starting to move as well. Prices were mostly steady to a few dollars higher except yearling feeder heifers weighing over 700 lbs. that were $1-2 lower.
Slaughter cow prices took another big drop because the cow cutout on Wednesday was $167.97 which was over $2.70 lower since the previous Wednesday. Ninety percent trimming prices, which are the biggest product from the cows, were over $4 lower at $210.26. Receipts at the test auctions continue to be well over last year because of drought conditions and also more dairy cow numbers because of poor margins.