# Condition Ratings and Feeder Steer Prices | Management | feedlotmagazine.com

> USDA data show US range and pasture conditions finished the May-October season with 51% rated poor or very poor, the highest of the year and well above last year's 37%. Ratings were worse in the Great Plains and Southern Plains, which pushed cattle off grass and into feedlots earlier than normal. Feeder steer prices have held steady at roughly $250-280/cwt since the start of the year.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/27558-condition-ratings-and-feeder-steer-prices-management-feedlotmagazine-com
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Poor pasture conditions push cattle into feedlots sooner, raising near-term grain demand while shrinking the grazing base. Poor pastures also support feeder cattle prices by limiting supply.

## Read by commodity

- CORN: bullish ▲
- FCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2022-03-01 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/42438-national-feeder-and-stocker-cattle-report-capital-press.md) | -2.0% | -1.0% |
| FCATTLE | 2021-02-08 | [National feeder and stocker cattle report \| Capital Press](https://feedsoft.ai/events/48788-national-feeder-and-stocker-cattle-report-capital-press.md) | +1.9% | -2.1% |
| FCATTLE | 2021-10-18 | [Cow-Calf Corner: Higher feed prices this winter - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/44688-cow-calf-corner-higher-feed-prices-this-winter-texas-and-southwestern-cattle.md) | -1.4% | -0.8% |
| FCATTLE | 2021-10-18 | [Higher feed prices this winter](https://feedsoft.ai/events/44681-higher-feed-prices-this-winter.md) | -1.4% | -0.8% |
| FCATTLE | 2020-07-29 | [Feeder Cattle Future Price Spreads: Opportunities to Hedge? \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/52254-feeder-cattle-future-price-spreads-opportunities-to-hedge-ohio-beef-cattle.md) | +2.8% | +1.1% |
| CORN | 2021-09-10 | [What Are Video Auctions and CME Futures Telling Us About Fall Feeder Cattle Prices? \| News \| feedlotmagazine.com](https://feedsoft.ai/events/45195-what-are-video-auctions-and-cme-futures-telling-us-about-fall-feeder-cattle.md) | +1.1% | -1.9% |
| CORN | 2022-07-25 | [Heat takes bite out of corn, soybean and spring wheat crop condition ratings - Pro Farmer](https://feedsoft.ai/events/13344-heat-takes-bite-out-of-corn-soybean-and-spring-wheat-crop-condition-ratings-pro.md) | -0.8% | +3.7% |
| CORN | 2019-07-15 | [Flash Drought and Crop Stress Concerns \| Integrated Crop Management](https://feedsoft.ai/events/57919-flash-drought-and-crop-stress-concerns-integrated-crop-management.md) | -2.6% | -7.4% |

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/news/management/condition-ratings-and-feeder-steer-prices/article_2a5e46f0-a04f-11ef-ba38-cff02b0d691f.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.