Another Year of Record Fed Cattle Prices
Date
2011-02-26
Authors
Plain, Ron
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Cornbelt Cow-Calf Conference
The Cornbelt Cow-Calf Conference is one of the longest running and most successful conferences of its type in the Midwest. For over forty years, the conference has provided an opportunity for producers, researchers, and over 70 industry representatives to come together to explore current topics and issues. This concentrated one-day conference focuses on management and production practices that contribute to making the cow-calf business profitable and competitive on a long-term basis.
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Abstract
The beef supply is declining and cattle prices are rising. Fed cattle prices averaged $95/cwt in 2010, up $12.30 compared to the year before and up $2.75 from the previous record set in 2008. Feeder cattle prices were close to record high last year. Yearling prices were the second highest ever with 750-800 pound steers averaging $108.71/cwt at Oklahoma City, up $12.58 from the year before and only $2.23/cwt short of the 2005 record. Steer calves weighing 500-550 at Oklahoma City averaged $124.54/cwt in 2010, the third highest annual average behind 2005 and 2006.