Demand is moderate to light. As typical even in non-drought situations, light weight bawling, unweaned calves have a more difficult time generating excitement in the auction ring and once current drought factors are added in this lack of excitement has become multiplied. Yearlings which require less days on feed and fewer bushels of the current record high 8.00 plus corn are finding more moderate demand but still are far from the levels just a few months ago when buyers were only concerned with ownership and willing to buy at about any price. 550 lbs steers are now averaging 46.00 per cwt less than the first week of June when the downward slide began and 750 lbs steers are currently 27.00 per cwt lower.
Source: MO Dept of Ag-USDA Market News Service, Jefferson City, MO
Tony Hancock, Market Reporter, (573) 751-5618