![]() ![]() based on lower prices for both 500 and 750-pound steers. In November, the higher prices for the lightweight animals resulted in a lower value of gain of $0.74/lb. Of course, a 500-pound stocker purchased now will not reach 750 pounds for some time. However, March feeder futures price was $134.48 recently and with an expected early March basis of $1.69/cwt for 750-pound steers in Oklahoma suggests a final price of $136.17/cwt., close to the current cash price of $136.03/cwt. The implications of current market conditions depends on the current weight of animals and the amount of additional weight added to animals prior to sale.Ĭhanges in the price-weight line have different impacts on stocker margins as reflected in the value of gain. Using a stocker gain of 250 pounds from 500 to 750 pounds, the value of gain in August was $1.02/lb. In October, the value of gain was slightly higher at $1.05/lb. in October before bouncing back to $166.97/cwt in November. The steep rollback most recently does affect the value of limited weight gain for calves. For example, the most recent prices mean that the value of an additional 50 pounds on a 500-pound steer is about $0.50/lb. For producers holding calves after weaning, the low value of gain must be balanced against the value of preconditioning programs and extra weaning time before sale. View the latest top stories from our trusted partners, with a focus on today's futures and commodity markets.After posting lows during the winter storm in late October, steer prices for calves and stockers increased sharply in November though prices for steers over 600 pounds have changed little as shown in the blue line in Figure 1. The result is a sharper bend in the price-weight line, with an even steeper price rollback for steers up to 600 pounds.įor cow-calf producers selling calves at weaning, price level is the most important determinant of revenue. The price of 500-pound steers dropped from $165.36/cwt. Barchart Commodities Insider Commentaryīarchart Commodities Insider is Ag market commentary for Grains and Oilseeds, Energy, Gold, Silver, Cocoa, Coffee, and Sugar markets. Should you require more than 250 downloads per day, please contact Barchart Sales at 86 or email for more information or additional options about historical market data. ![]() The average price for the top 10 steer strings sold on Monday was 243.05. NATIONAL STEER TRACKER: The largest steer string sold on Monday on the National Steer Tracker (700-899) was 169 steers (753) from Joplin, Missouri at 242.00. You will see "N/L" in a downloaded column when this is the case. The average price paid on Monday for the top 10 calf strings was 249.45. Note: Due to licensing restrictions, Canadian fundamental data cannot be downloaded from. Barchart Plus Members have 10 downloads per day, while Barchart Premier Members may download up to 250. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded.įree members are limited to 1 site download per day. For dynamically-generated tables (such as a Stock or ETF Screener) where you see more than 1000 rows of data, the download will be limited to only the first 1000 records on the table. equities only.ĭownload is a free tool available to Site Members. Pre-Post Market Data: Available for Barchart Plus and Premier Members, this view will show any pre- or post-market price activity for U.S.The default settings for Mini-Charts are found in your Site Preferences, under "Overview Charts". ![]() You may change the bar type and time frame for the Mini-Charts as you scroll through the page.
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