There was a light to moderate direct cash cattle trade that took place throughout the week. Live deals in the South were marked at $186, $2 lower than the previous week’s business. Dressed business in the North ranged from $299 to $300, $2 to $3 lower than the prior week’s weighted average basis.
At the Farmers and Ranchers Livestock Commission in Kansas, steers 500 to 700 pounds were mostly $5 to $10 higher and steers over 700 pounds were steady to $6 lower. Heifers were mostly $5 to $10 lower. The USDA says grass cattle buying season is winding down and buyers are looking for steers that fit their program – that’s helping provide support to the light steers. Supply was moderate with good demand.
