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Texas and Oklahoma auctions reported feeder steers and heifers mostly 2-7 higher versus the prior week on good demand. Oklahoma was very dry with strong southwesterly winds, though calf demand stayed very good.
Firm auction prices reflect solid feeder demand, and drought conditions in Oklahoma could tighten pasture supplies and support feeder prices.
tscra.orgJaclyn RobertsMar 31, 2023After 79 past bullish weather events, FCATTLE moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% 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.
