Well, around here the cattle market has been good since February and the last 3 years were considered good until now. Today 600 plus or minus steers were selling around $1.28 with the last 6 weeks being $1.25 to $1.32. Heifers are at $1.14 to $1.20. I have seen 700+ steers sell for $1.20 and I sold 770# heifers this summer at $1.10. I have sold heifers for more per CWT than I bought them for at 350-400#. Feedlots started a buying spree in February and have not backed off yet. Quite a few were even buying in the 350 to 450 pound range during May and June which is almost unheard of around here. In some locales, the cattle are still a good cash flow. Here is a link to last week's sale at I believe the 4th largest sale barn in the state by volume. http://www.farmersandrancherslivestock.com/index.html
Edited by wheat farmer 8/25/2010 21:59
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