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Ranchers.net

No wonder some of you guys out west are a little more upbeat about cattle prices.

Feeder Cattle: Buyers Aggressive, Price Levels Over Inflated

Compared to last week, feeder cattle and calves sold steady to 3.00 higher with instances as much as 6.00 higher, mostly on stocker steers weighing from 500-650 lbs. Buyers were aggressive, again this week, and seem completely unfazed by the flashing caution signs that warn price levels are way over inflated. Notions that feeder cattle supplies will be extremely tight this spring continue to drive demand with little regard for surging feed costs or the sluggish fed cattle market. Spring fever has often been known to cause cattle grazers to bid beyond their pencil, but we are only half way through February and most grass pastures remain frozen with many Midwestern fields are still covered with ice and snow. North of Interstate 70 (where old man winter’s grip has yet to weaken) 500 lb steers routinely yielded 130.00 this week.

Last Friday in Burwell, Nebraska, 152 head of fancy 548 lb black-hided steers brought 137.50.

They can hardly get out of the .80s and low .90s here.
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