The Cattle Market Guys Podcast
Sep 11, 2026 · 11 min · 11 segments
``` Feeder cattle prices just took a brutal hit — 500-549 lb steers are down nearly $49 per hundredweight in just thirty days, and the 600-649 lb class isn't far behind. Brock and Jim break down…
Starting with the market snapshot and there's some real movement here we need to talk about.
Looking at the 500 to 549 pound steers, current price sits at $372.81 per hundred weight.
That's down $4.68 from the prior week.
And when you zoom out to the month over month comparison, we're looking at a drop of $48.86. That's a significant correction in just 30 days.
Woo, that's a lot of ground lost in just a month.
It is.
Now the 600 to 649 pound steers held up a little better, relatively speaking.
Current price there is $341.82 per hundred weight, only down $1.46 week over week.
But the month over month tells a similar story, down $41.21 from where we sat back on August 2nd.
So both weight classes are correcting hard off those summer highs.
I tell you, Brock, watching these numbers slide is like sitting ringside at a sale barn when the bidding stalls out.
Everybody's still got their hand halfway up, but nobody wants to be the one who pulls the trigger first.
That's a pretty accurate description of what we're seeing in the futures market too.
According to the data, we've got the forecast for that 500 to 549 weight class showing a slight bounce to $374.63 per hundred weight over the next week, but then the four-week outlook drops to $357.77.
So there's a little near-term relief priced in, but the broader trend is still pointing down.
The heavier weight class shows a similar pattern, one week out at $339.40, four weeks out at $327.92.
So we're not out of the woods yet?
Not according to the forecast model, no.
And this actually connects to something in the news this week.
There was a piece from the cattle site talking about CME Live and feeder cattle futures turning higher on short covering, which lines up with why we might see that brief one week uptick before the longer trend reasserts itself.
Volume context on both weight classes was listed as average.
So this isn't a thin panicky market.
This is real price discovery happening.
Well, average volume or not, $48 off the high in a month will get anybody's attention.
It will.
Starting with the market snapshot and there's some real movement here we need to talk about.
Looking at the 500 to 549 pound steers, current price sits at $372.81 per hundred weight.
That's down $4.68 from the prior week.
And when you zoom out to the month over month comparison, we're looking at a drop of $48.86. That's a significant correction in just 30 days.
Woo, that's a lot of ground lost in just a month.
It is.
Now the 600 to 649 pound steers held up a little better, relatively speaking.
Current price there is $341.82 per hundred weight, only down $1.46 week over week.
But the month over month tells a similar story, down $41.21 from where we sat back on August 2nd.
So both weight classes are correcting hard off those summer highs.
I tell you, Brock, watching these numbers slide is like sitting ringside at a sale barn when the bidding stalls out.
Everybody's still got their hand halfway up, but nobody wants to be the one who pulls the trigger first.
That's a pretty accurate description of what we're seeing in the futures market too.
According to the data, we've got the forecast for that 500 to 549 weight class showing a slight bounce to $374.63 per hundred weight over the next week, but then the four-week outlook drops to $357.77.
So there's a little near-term relief priced in, but the broader trend is still pointing down.
The heavier weight class shows a similar pattern, one week out at $339.40, four weeks out at $327.92.
So we're not out of the woods yet?
Not according to the forecast model, no.
And this actually connects to something in the news this week.
There was a piece from the cattle site talking about CME Live and feeder cattle futures turning higher on short covering, which lines up with why we might see that brief one week uptick before the longer trend reasserts itself.
Volume context on both weight classes was listed as average.
So this isn't a thin panicky market.
This is real price discovery happening.
Well, average volume or not, $48 off the high in a month will get anybody's attention.
It will.
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