AGRICULTURE

FINANCE

_{Thursday, June 19}

Oklahoma Weekly Cattle Auction Summary

Livestock Weighted Average Report for 6/8/2025 - 6/14/2025

Compared to last week: Feeder steers 5.00-9.00 higher. Feeder heifers 4.00-7.00 higher. Steer calves unevenly steady. Heifer calves 5.00-6.00 higher. Demand very good for feeder cattle. Slaughter cows 3.00-4.00 higher. Slaughter bulls 2.00 higher. Demand very good for all slaughter type cattle and replacement cows. Cattle futures are under pressure this morning after strong rallies earlier in the week. Supply included: 89% Feeder Cattle (51% Steers, 44% Heifers, 4% Bulls, 0% Dairy/Beef Steers, 0% Dairy/Beef Heifers); 7% Slaughter Cattle (85% Cows, 15% Bulls); 4% Replacement Cattle (9% Stock Cows, 73% Bred Cows, 2% Bred Heifers, 13% Cow-Calf Pairs, 1% Heifer Pairs, 1% Bulls). Feeder cattle supply over 600 lbs was 74%.

South Dakota Weekly Cattle Auction Summary

Livestock Weighted Average Report for 6/8/2025 - 6/14/2025

Compared to last week: More limited feeder cattle offerings as many auction markets move to their bi-weekly summer schedules, feeder steers and heifers sold unevenly steady. Very good demand for light fall calves to background and for yearlings to go right into finishing yards. The cash fed cattle started to trade higher, up to 244.00 but then at late week sales of 238.00-240.00 surfaced and the futures contracts posted large losses on Friday. There is much optimism amongst cattle producers regardless of where the futures contracts are at as the market reached highs that most did not think could be achieved. The cash market has outperformed the futures and continues to do so, causing producers to pay little attention to it. Cattle are turned out to grass and auction receipts are light, except when a special BBQ sale is held offering long strings of backgrounded steers and heifers. The market is very active as cattle feeders know they need to act quick or they will not get the cattle bought that they need. Corn is growing nicely and pastures are in decent shape, looking positive for a fruitful growing season. Supply included: 94% Feeder Cattle (61% Steers, 39% Heifers, 0% Bulls, 0% Dairy/Beef Steers, 0% Dairy/Beef Heifers); 6% Slaughter Cattle (38% Steers, 8% Dairy Steers, 21% Heifers, 11% Dairy/Beef Steers, 23% Dairy/Beef Heifers). Feeder cattle supply over 600 lbs was 94%.

Missouri Weekly Cattle Auction Summary

Livestock Weighted Average Report for 6/8/2025 - 6/14/2025

Compared to last week, feeder steers sold 5.00-10.00 higher, heifers sold steady to 5.00 higher. A moderate to light supply this week, which is fairly typical as summer heat starts to arrive and many sales in the north go to every other week schedules. Demand was good best for load lots of yearlings as they become harder to find for the next few months. Pastures are mostly in good to excellent condition and continue to be some of the best rated of all of the major cattle states currently. Late week futures resulted in losses for the week in both live and feeder cattle contracts and fed cattle trade seemed to at least take a breath after several weeks of consecutive higher money. That being said the CME Feeder Cattle Index sets at a record high and the Missouri Stocker Formula is with in a couple dollars of its record. A few stick out sales this week included 27 head of 418 lb. steers at Joplin Regional Stockyards at 480.00, 80 head of 506 lb. thin fleshed steers for 467.50 and 47 head 572 lb. steers for 432.00. Callaway Livestock Center sold 46 head of 620 lb. steers for 385.00, and a load of 752 lb. steers for 345.00. South Central Regional Stockyards sold 32 head of 703 lb. steers for 359.25. Lolli Brothers Livestock Market sold a load of 876 lb. steers at 321.85. Unionville Livestock Market sold a load of light 9 wt. steers for 307.25. Ozarks Regional Stockyards sold two loads of 982 lb. steers for 278.75. On the heifer side Joplin Regional Stockyards sold a load of 538 lb. fancy heifers for 415.00. Lolli Brothers Livestock Market sold 3 loads of heifers 710-712 lbs. all for 323.00. Boxed beef cutout values were sharply higher for the week, choice closed at 377.88, up 12.80 and Select closed at 363.50, up 6.77 compared to last Friday. Negotiated feedlot sales as of the 2:00 cutoff time for Friday afternoons report totaled just under 49K for the week. Live prices in the south mostly 235.00, in the north 240.00-242.00, and dressed sales were mostly at 380.00. The Missouri Stocker formula consists of 5777 head with a weighted average weight of 545.67 lbs. and a price value of 392.86, 8.40 higher than last week. The steer/heifer spread is 41.30 per cwt. Supply included: 91% Feeder Cattle (56% Steers, 0% Dairy Steers, 41% Heifers, 3% Bulls); 7% Slaughter Cattle (4% Steers, 1% Heifers, 83% Cows, 12% Bulls); 2% Replacement Cattle (11% Stock Cows, 65% Bred Cows, 3% Bred Heifers, 19% Cow-Calf Pairs, 2% Bulls). Feeder cattle supply over 600 lbs was 50%.

Iowa Weekly Cattle Auction Summary

Livestock Weighted Average Report for 6/8/2025 - 6/14/2025

Compared to last week, steers less than 500 lbs sold 5.00 to 7.00 lower, 500 to 700 lbs sold unevenly steady and over 700 lbs sold 3.00 to 4.00 higher. Heifers sold unevenly steady throughout the week. Slaughter steers and heifers at auction sold steady to 3.00 higher with slaughter cows and bulls trading steady to weak on a thin test. Demand was good, especially for cattle to backfill empty feedlot pens. Direct slaughter cattle banged in close to steady for the week with live sales from 240.00 to 241.00 and dressed sales at 380.00. Supply included: 84% Feeder Cattle (57% Steers, 41% Heifers, 2% Bulls); 16% Slaughter Cattle (53% Steers, 7% Dairy Steers, 27% Heifers, 6% Cows, 1% Bulls, 5% Dairy Heifers, 1% Dairy/Beef Steers, 0% Dairy/Beef Heifers). Feeder cattle supply over 600 lbs was 61%.

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_{Thursday, June 19}

_{Thursday, June 19}