Joplin Regional Stockyards feeder cattle auction report

Joplin Regional Stockyards, Carthage, Missouri, reported receipts of 5,007 head of feeder cattle selling on Jan. 27, compared to 6,469 head on Jan. 20 and 7,334 head a year ago, according to the USDA-Missouri Department of Agriculture Market News, Jefferson City, Missouri.

Compared to the previous week, the steers weighing under 550 pounds were steady, those over 550 pounds were selling $4 to $6 lower, the heifers weighing under 600 pounds were steady to $3 higher and those over 600 pounds were selling $1 to $3 lower. The demand was moderate to good for light calves and moderate to light for heavy calves and yearlings. The supply was moderate. The Cronovirus outbreak drove financial markets and commodity futures sharply lower. The USDA Cattle On Feed was neutral with 102% On Feed, Placements was 103% and Marketing was 105%. The supply included 100% feeder cattle with 58% steers, 41% were heifers and 1% were bulls. The feeder cattle supply over 600 pounds was 45%.