Feeder Cattle Prices Continue
Downward Trend Of Recent Weeks

ST. JOSEPH, Mo. —(USDA)— Prices for feeder cattle across the country last week continued the downward spiral of the past few weeks. Feeder steers and heifers sold steady to $2 lower.

There doesn't appear to be much good to say about either feeder or fed cattle with bearish news waiting just around every corner. Massive amounts of red ink ran freely at feedyards again, prices at High Plains yards only $61 at best and buyers for feeders determined to obtain replacements at a more compatible price level.

Serious price negotiations are now taking place on the first sizable offering in awhile as double-stocked yearlings come off Flint Hill and Osage pastures later this month.

Corn prices wound up several cents lower after violent day to day price swings, but feeder buyers appeared more interested in fed cattle prices.

Pastures are still dry in many areas, but Kansas and northeastern Oklahoma grazing areas received good rains.

Yearlings made up approximately 54 percent of the week's supply.

Some trading:

Texas Panhandle and Western Oklahoma: steers, medium and large No. 1 625 lbs. $76, 700-800 lbs. $69-73, 800-850 lbs. $67.25-71, 900 lbs. $64; 600-700 lbs. delivered $70-75.85, 700-800 lbs. $72-74.90, 800-850 lbs. $69.75-73; 620 lbs. for July and August delivery $76.50; heifers, few 405 lbs. $73, 650-675 lbs. $63- 70.50, 725-750 lbs. $64.50-66; few 560 lbs. delivered $66, 675-700 lbs. $69.50-71.80, 700-800 lbs. $68-70.75; 600 lbs. for July and August delivery $71.50.

Oklahoma: steers, medium and large No. 1 725-775 lbs. $69.50-73, 800-825 lbs. $69-71, 875-900 lbs. $64-66.50; heifers 525 lbs. $70, 650-685 lbs. $68-69.50, 700-750 lbs. $66-68.

Colorado: steers, medium and large No. 1 few loads 775 lbs. delivered $73.50, several loads 800 lbs. $72.75; heifers, several loads 725 lbs. delivered $69.

Montana: steers, medium and large No. 1 load 750 lbs. $71, couple loads 875 lbs. $67; heifers, load 700 lbs. $68.

Washington, Oregon and Idaho: steers, medium and large No. 1 850-900 lbs. $65-68, 900-925 lbs. $67; 850-900 lbs. delivered $65-68; heifers, 825-850 lbs. $65-66; 800 lbs. delivered $65-66.

Arkansas: auction, steers, medium and large No. 1 300-350 lbs. $83-92, 350-400 lbs. $78-86, 400-450 lbs. $74-82, 450-500 lbs. $72-80, 500-550 lbs. $69-76, 550-600 lbs. $67-74, 600-700 lbs. $65-72, 700-800 lbs. $63-69; heifers, 300-350 lbs. $72-80, 350-400 lbs. $70-77, 400-450 lbs. $68-75, 450-500 lbs. $66-73, 500-600 lbs. $65-72, 600-700 lbs. $62-68, 700-800 lbs. $60-64.

Kentucky: auction, steers, medium and large No. 1 200-300 lbs. $85-95, 300-400 lbs. $75-85, 400-500 lbs. $72-82, 500-600 lbs. $70-80, 600-700 lbs. $65-75, few to $78.90, 700-800 lbs. $64-72, 800-900 lbs. $62-68.50; Holsteins, large No. 2 300-400 lbs. $58-67, 400-500 lbs. $52-59, few to $67, 500- 600 lbs. $55-64, 600-700 lbs. $52-60, 700-900 lbs. $52.50-57; heifers, 200-300 lbs. $75-81.50, 300-350 lbs. $70-78, 350-400 lbs. $66-75, 400-500 lbs. $64-74, 500-600 lbs. $65-75.50, 600-700 lbs. $60-68, few $70-75, 700-800 lbs. $58-65.

Tennessee: auction, steers, medium and large No. 1 300-350 lbs. $78-89, 350-400 lbs. $77-86, 400-450 lbs. $75-81 few $85, 450-500 lbs. $74-80, few $85, 500-550 lbs. $70-77, 550-600 lbs. $68-75, 600-700 lbs. $65-75, 700-800 lbs. $64-70; heifers, 300-400 lbs. $66-76, 400-500 lbs. $65-73, 500-600 lbs. $62-70, 600-700 lbs. $60-66, 700-800 lbs.

Southeastern complex: auction, steers, medium and large No. 1 200-250 lbs. $90-104, 250-300 lbs. $81-93, 300-350 lbs. $78-89, 350-400 lbs. $74-85, 400-450 lbs. $70-80, 450-500 lbs. $68-77, 500-550 lbs. $68-75, 550-600 lbs. $64-72, 600-650 lbs. $62-71, 650-700 lbs. $59-68, 700- 800 lbs. $59-65; heifers, 200-250 lbs. $73- 83, some $84-89, 250-300 lbs. $68-76, 300-350 lbs. $66-77, 350-400 lbs. $64-74, some to $76, 400-450 lbs. $64-73, 450-500 lbs. $62-72, 500-550 lbs. $62-70, 550-600 lbs. $60-66, 600-650 lbs. $57-66, 650-700 lbs. $55-63.