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Oklahoma feeder cattle prices finished 2022 near annual highs, with steers under 550 pounds and over 850 pounds at their December maximums. Drought in Oklahoma, where over 98 percent of the state is abnormally dry or in drought, shifted the timing of feeder marketings, with larger volumes early in the year and smaller ones since mid-October.
Tighter feeder supplies from drought-driven early sales support feeder cattle prices heading into 2023. Reduced auction volumes limit near-term supply.
drovers.comDec 19, 2022Not 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.
