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Oklahoma State extension economist Derrell Peel reports feeder cattle volumes were up 19.7% year over year from mid-July to mid-October, then down 6.1% in the last two weeks. Auction prices for 480-pound steers reached $190.08/cwt for the week ending October 28, after rising since mid-October.
Smaller fall feeder supplies and recovering auction prices support feeder cattle values, which in turn affects feedlot input costs for buyers.
oklahomafarmreport.comSpencer AndersonOct 31, 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.
