Feeder auction trading is finished for the year with new record prices in 2024. Combined Oklahoma auction prices for 500-pound steers (M/L, Number 1) averaged $320.14/cwt. with the highest weekly price of $360.99/cwt in early December. The average price this year was up 18.6 percent year over year and was up 62.6 percent over 2022 levels. The 2024 average price exceeded the previous record high in 2015 by 21.3 percent.
The average price of 800-pound steers (M/L, Number 1) this year was $247.43.cwt, up 14.7 percent year over year and up 50.5 percent over 2022 levels. The highest weekly price for these big feeder steers was $264.74/cwt. in early July and only slightly below that in December. The 2024 average price exceeded the previous annual record in 2015 by 21.6 percent.
Just a few more fed cattle are expected to trade to wrap up December. The 5-Market average fed price for 50 weeks through mid-December was $186.66/cwt., up six percent year over year and up 29.2 percent over 2022 fed prices. The 2024 average price is 21.3 percent higher than the previous high price in 2014. The highest weekly fed price was $197.09/cwt. in early July and is expected to end the year with prices close to that level.
Derrell S Peel
December 24, 2024 04:50 AM
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