Feeder Cattle Futures Dip To Wrap Up May

Let's take a look at the latest for the livestock markets from the USDA’s Livestock, Grain and Poultry office in Moses Lake, WA.  The USDA’s Greg Sanders said last week, the Washington sale barn had 1,040 head of cattle traded, which when compared to the week earlier, there were not enough stock or feeder cattle for accurate trends.

“Feeder cattle futures posted $0.82 to $1.60 losses across the front month on Thursday," Sander said.  "The CME feeder cattle index was back up $2.37 on May 27th at $369.63.  Slaughter cows were steady, slaughter bulls $5 to $11 higher.  Feeder steers, medium large frame 1 and 2s weighing 550 to 600 pounds bought $4.45.  Heifers, large frame number 1s weighing 850 to 900 pounds bought $3.04.  Slaughter cows on the boning utility returning to feed brought $179 to $185. Slaughter bulls yield grade 1 and 2s brought $220 to $229.50.  Bred heifers on a per head basis over four to six months bred weighing 11 to 1200 pounds brought $3,500 to $3,525 per head.”

For more from Sanders, including the most recent video auction, national slaughter numbers, hay activity and trade, listen to our entire podcast:

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