Feeder cattle come off wheat pastures, prices move lower

Auction barns saw a bigger run of feeder cattle coming off of wheat pastures with 29,200 head at the test auctions, which was 5000 higher than last week. Prices continue to drop and were $1-5 lower with the biggest declines on 7- and 8-weight heifers that had big numbers at some auctions.

Slaughter cow numbers at the auctions are starting their normal seasonal declines in volume, but fortunately, not a big drop. Prices were mostly $2-4 higher regaining what it lost last week along with a little more. However there was more active bidding on feeding-type cows headed to the feedlots which also pushes prices higher.