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Oklahoma feeder cattle auction volumes were highly variable in February and March as dual-purpose wheat grazing ended. A February winter storm closed many auctions, and a very large volume of 45,702 head sold in the first week of March.
Seasonal wheat grazing terminations and weather-related sale disruptions shift short-term feeder supplies, with modest effects on feeder cattle prices.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistMar 12, 2021After 21 past neutral weather events, Feeder Cattle moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), and -0.2% over 20.
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.
