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Oklahoma State extension specialist Derrell Peel reports that winter wheat pasture is developing rapidly and stocker cattle demand is strong. Despite a 32 percent year-over-year rise in auction volume, preferred stocker prices jumped sharply in late September.
Oklahoma feeder prices were 4 to 10 percent above last year.
Strong pasture-driven stocker demand supports feeder cattle prices through the fall run, which affects feedlot placements and feed grain demand for the season.
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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.