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ISU Reveals Cattle Inventories and Forecasts
ISU reports mid year cattle inventories show steers and heifers over 400 pounds up 4 percent while calves under 500 pounds fall 8 percent. Futrell notes yearling and older cattle signal ample supply for feedlots or slaughter though movement depends on feed grain crops, pasture, feeder prices, and fed cattle margins. Feeder prices have stayed high this year with averages for 400-500 pound steers near 42.75, while 500-700 pound yearlings average 41.75. Heifers carry a wider discount and movement may be uneven amid short pastures, with holdovers possible where roughage is abundant.
MENTIONED IN THIS ARTICLE
Iowa State University Extension
Gene Futrell
Sioux City
Futrell
ISU