Lower cost of gain keeps feeder cattle prices high despite drought

Body

From staff reports Ben Hale of Western Livestock Auctions gave his weekly cattle markets update.

Western’s Oct. 21 sale in Okl ahoma City experienced its highest run in some time, he said. Approximately 8,600 head of cattle were sold. That’s 2,100 more than last year. Hale believes it is the big gest number he has seen since J une of this year.

With prices remaining as good as they are currently, in spite of the dry conditions, Hale looks forward to seeing how rainfall affects cattle pricing.

“It’s really holding together well for as dry as it is and with no grass or water,” he said.

Hale noted that the top end of the five-weight cattle brought in more than $3 per pound, and a nice set of seven-weight steers brought in over $2.70 per pound. Overall, the majority brought in $2.50 to $2.60 per pound.

Hale expects good runs in Woodward and Comanche this week, and is awaiting the first freeze of the year to bring in the b ulk of the cull cows.

Established in 1995, Western Livestock has grown into a multi-generational family-owned and operated business, standing as a symbol of tradition, excellence, and deep-rooted passion for the cattle industry. They have locations in Oklahoma City, Woodward, and Comanche.

Hale can be contacted at (940) 6312333. For more details about Western Livestock Auctions, visit https:// westerncommissioncompany.com.