CACTUS CHARTS:  7-Wts Make History

The 7-weight (700-799 lbs) steer market has been on an unprecedented run, reaching an all-time record high of $296.22 on January 31st. This milestone is the highest price ever recorded for this weight class, driven by tight cattle supplies, strong demand from feedlots, and aggressive buying activity. Even after the record peak, prices have remained historically strong, testing $294.03 on February 14th before settling slightly lower. The resilience of the market at these elevated levels underscores the exceptional demand for heavier feeder cattle, with buyers willing to pay premium prices to secure available inventory.

This has been a historic rally for 7-weights, marking one of the most bullish feeder cattle markets ever seen. Prices have steadily climbed over the past several months, setting multiple new highs along the way. Even in periods of minor pullbacks, the overall trend has remained firmly upward, reflecting a feeder market with unmatched momentum. The combination of tighter cattle supplies, strong beef demand, and favorable feeding conditions has created the perfect storm for sustained price strength. While volatility may persist, the fundamentals remain supportive of continued high valuations for quality feeder cattle. Producers have benefitted from record-setting returns, and all indications suggest that the market remains positioned for ongoing strength in the months ahead.