USDA’s latest “Livestock, Dairy and Poultry Outlook” reported that the weighted-average price in September for feeder steers weighing 750–800 pounds at the Oklahoma City National Stockyards was $255.39/cwt., an increase of $6.65/cwt. from August and nearly $82.00/cwt. higher than September 2022.
In the first two sales in October, feeder steers were steady at about $250.50/cwt., but on October 16, feeder steer prices dropped to $242.83/cwt. The pullback in prices is reflected in USDA’s latest Q4 2023 price forecast of $254.00/cwt.
The September average price for fed steers in the…
