Livestock Markets: Superior Bellringer Results

January 16, 2024

On Monday, Superior Livestock Video hosted the 2024 Bellringer sale in Oklahoma City, OK. Offering over 106,000 head of cattle. 

Market Trends:

  • Cattle futures have continued with a bearish trend, impacting moderate demand for feeder cattle.
  • Good demand persists for lighter weight cattle, especially in areas with favorable pasture conditions due to moisture in the wheat country.

Weather Impact:

  • Recent cold snaps in some areas may influence the market in the coming days. The full effects are yet to be determined.

Supply Distribution:

  • Supply breakdown: 53% from South Central, 23% from North Central, 3% from Northeast, 19% from West, and 2% from Southeast.
  • Current delivery is 14 days from the last day of the video sale, up to and including January 26, 2024.
  • Deliveries are current through September 2024.

Supply Composition:

  • 100% Feeder Cattle: 46% Steers, 10% Dairy Steers, 36% Heifers, 0% Bulls, 9% Dairy Heifers.
  • 0% Replacement Cattle: 27% Bred Cows, 73% Bred Heifers.

Feeder Cattle Weights:

  • Feeder cattle over 600 lbs constitute 75% of the supply.