Feeder Cattle Prices
2,020 Head Sold: August 22 to September 9
LIVE CATTLE
Live Cattle prices have continued to slide since the start of the month, with $180 showing resistance. October and December Fats have seen support around $174, but expect sellers to keep attacking that level as momentum still favors the Bears. Acceptance below opens the door to more selling with Bears targeting $170. But until we get that breakdown we could see prices stick around this $174-180 range.
FEEDER CATTLE
The first week of the month saw Feeders getting pressed back down to $230 on the October contract. This $230-240 price range has been sticky, look for prices to continue trading around this area. Bears still have the upper hand in this market so stay defensive. Offers below $230 bring on a new wave of selling.
CORN
December Corn has enjoyed a nice relief rally to $4.15 to start the month. Price has seen resistance at the 50 day average so be prepared for Bears to drive prices lower. Crop Production will be released on 9/12 so that could bring on some new volatility to this slow market.
| Head | Kind | Weight | Price |
|---|---|---|---|
| 210 | Steer Calves | 585 | $298 |
| 95 | Weaned Steer Calves | 720 | $275 |
| 110 | Heifer Calves | 570 | $278 |
| 55 | Weaned Heifer Calves | 650 | $260 |
| 225 | Yearling Steers | 840 | $243 |
| 365 | Yearling Steers | 890 | $243 |
| 340 | Yearling Steers | 925 | $244 |
| 550 | Yearling Steers | 940-950 | $240-$242 |
| 70 | Yearling Heifers | 860 |
Livestock SOLD: 92,686 Head
Escrow Transactions: $84,636,917
Updated 8/29/2024
Futures Markets
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