Listings of commercial cattle on AuctionsPlus slipped back 5% this week to 17,584 head. The combination of a higher value over reserve at $110 and a lower clearance rate of 38% reinforces the trend of buyers cherry-picking the best breeding females. Competition for a select group of breeding stock has supported higher value over reserve, while deteriorating restocker demand for young cattle, which contribute 62% of listings, has weighed down on clearance rates.
