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Oklahoma State extension economist Derrell Peel compares Oklahoma March feeder cattle prices from 2022 to 2025. Calf prices rose 94.6% and 775-pound steer prices rose 85.2% over that period.
The feeder-to-calf price ratio shifted from 75.3% in 2023 to 71.3% in 2025.
Rising calf and feeder values raise the cost of stocker and backgrounding margins, which supports the broader feeder cattle price level.
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.