The Labor Day holiday meant slow movement at auction barns. Test auctions saw typical very small Labor Day week auction receipts of feeder cattle with only 9,400 head and prices were steady to $4 higher on yearlings. They were steady to lower on calves partially because of the big spread between weaned and unweaned calves.
When we turn to slaughter cow numbers, many auction barns were shut down because of the Labor Day holiday week and thus, cow receipts at the test auctions totaled only 2900 head, which was down over 4000 head from the previous week. Prices were mostly $1-2 lower except a few auctions that were steady to $1 higher. The cow meat prices took another big drop again.