Commercial cattle listings on AuctionsPlus totaled 12,693 head – down 15% from last week. The cattle market continues to experience challenging trading conditions with high supply of slaughter ready cattle and a lack of restocker demand placing downward pressure on prices. This was evident in value over reserve slipping $43 to average $60/head and clearance easing to 31%. All eyes will be on the forecasted rain in the coming week as a critical factor for both livestock markets and crop emergence.
