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Texas and Oklahoma weekly auctions on May 28, 2021 reported feeder steers and heifers steady to $3 higher, with demand very good. Rains and thunderstorms hampered movement but benefited pastures, and beef prices rose $2 to $4 through Thursday.
Strong feeder demand and rising beef prices point to firm cattle values, though weather can disrupt movement. Grain price swings also affect feeder bids.
tscra.orgKristin HawkinsMay 28, 2021Not enough comparable past events yet for a historical read.
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.
Southern auctions reported feeder steers and heifers steady to $3 higher with very good demand and rising beef prices, showing strong physical demand for feeders.
