During the first week of February 2024, 500-pound steers (M/L #1) in Oklahoma posted a new weekly record price of $321.34/cwt., surpassing the previous high of $312.72/cwt. in November 2014. For the first three weeks of February, the price of these 500 pounds steers has averaged $323.64/cwt.
For the 800 pound (M/L #1) steers, prices in February have averaged $235.36/cwt., still below the September 2023 record of $253.58/cwt., which exceed the previous high in October 2014 of $241.79/cwt. The overdone feeder market correction in late 2023 took the price of 800-pound steers to a low of…
