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Oklahoma State's Derrell Peel reports weekly auction volumes running behind year-ago levels, down 23.2% since July 1. He attributes the shortfall to continuing drought, with 51% of Oklahoma pasture and range in poor to very poor condition.
November feeder cattle futures fell 55 cents on the day.
Tighter feeder cattle supplies from drought-driven herd pressure support feeder and live cattle prices into the fourth quarter, which raises the cost of feed-lot placements for feeder buyers.
profarmer.comBill WattsOct 13, 2026Not enough comparable past events yet for a historical read.
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.
