The cash cattle trade remained untested at midweek with just a few preliminary bids thrown on the table. For example, Northern producers saw bids around $232 to $233, well below general asking prices of $237 to $238.
Compared to last week, feeder cattle under 800 lbs sold steady to 3.00 higher while those weighing over 800 lbs traded weak to 2.00 lower with most declines continuing in the Southern Plains. Stocker cattle and calves (where tested) were steady to 5.00 higher with 6 weight stockers near the major grazing regions selling fully 6.00-8.00 higher.
Thus far for Friday, negotiated cash trade was mostly inactive on light demand in the southern and northern Plains as well as the western Corn Belt. Not enough sales in any major feeding region to establish an adequate market test. The latest available market
Fed cattle trade on Thursday in the southern Plains was light on light demand. Compared to Wednesday live sales traded steady at $91. In Kansas on Tuesday dressed sales traded at $143. In Nebraska trade was limited on light demand.
In Oklahoma City, OK, this week, feeder steers and heifers over 700 lbs. were called steady. Feeder cattle and calves under 700 lbs. were steady to $2 higher. Demand was called moderate for feeder cattle, but improved later in the day.