USDA Market News regional auction reports for the week ending November 12, 2026 show steer and heifer calves mostly selling higher than the prior sale, with calves under 400 lbs showing sharply higher undertones. Some yearling and heavier weight classes were too lightly tested to show a clear trend, and demand was described as good.
Firmer feeder and calf prices at regional auctions point to tight feeder supplies and stronger feeder cattle values for feedlot buyers, which raises the cost of finishing cattle.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.