State Steer Tracker:  Cash Feeder Prices vs. CME March Futures

Out of the 20 states listed, 12 states have steer prices above the CME March Feeder contract price of $267.95, while 8 states fall below.

Rob Cook
 | RobCookKC@gmail.com

Ranking of Steer (700-899#) Prices by State

1️⃣ Montana – πŸ’° $290.52
2️⃣ Wyoming – πŸ’° $290.29
3️⃣ South Dakota – πŸ’° $288.44
4️⃣ Iowa – πŸ’° $286.85
5️⃣ Kansas – πŸ’° $281.10
6️⃣ Idaho – πŸ’° $275.95
7️⃣ Washington – πŸ’° $273.64
8️⃣ Wisconsin – πŸ’° $273.34
9️⃣ Nebraska – πŸ’° $272.96
πŸ”Ÿ Minnesota – πŸ’° $272.18
11️⃣ Oregon – πŸ’° $271.66
12️⃣ Utah – πŸ’° $269.90
13️⃣ Colorado – πŸ’° $266.92
14️⃣ Oklahoma – πŸ’° $266.32
15️⃣ Missouri – πŸ’° $266.28
16️⃣ Virginia – πŸ’° $265.76
17️⃣ Arizona – πŸ’° $257.50
18️⃣ New Mexico – πŸ’° $254.00
19️⃣ Nevada – πŸ’° $250.51
2️⃣0️⃣ California – πŸ’° $238.00

Cash Feeder Prices vs. CME March Futures: A Market at a Crossroads 

Out of the 20 states listed, 12 states have steer prices above the CME March Feeder contract price of $267.95, while 8 states fall below. Montana leads with $290.52, followed closely by Wyoming at $290.29, both significantly exceeding the futures price. Other states such as South Dakota ($288.44), Iowa ($286.85), and Kansas ($281.10) also maintain strong prices above the futures market, signaling continued demand in these regions. The gap between cash prices and futures suggests that feeder markets remain well-supported, particularly in the Northern Plains, where supply tightness and seasonal buying interest are evident.

On the other hand, eight states, including Colorado ($266.92), Oklahoma ($266.32), and Missouri ($266.28), are pricing below the March Feeder contract, indicating a slightly softer cash market in the Southern and Western regions. The lowest-priced state, California ($238.00), lags significantly behind, reflecting weaker demand and possibly higher transportation costs in that region. With the futures price sitting at $267.95, the market remains at an interesting crossroadsβ€”whether cash prices will pull futures higher or if a correction in physical markets is on the horizon remains to be seen.

CLARA LIVE: Revolutionizing Cattle Market Reporting in Real Time

The cattle market moves fast, and staying ahead of price trends and market shifts is critical for producers, buyers, and industry stakeholders. That’s where CLARA LIVE comes in. As the most advanced real-time livestock reporting system in the industry, CLARA LIVE simultaneously tracks dozens of cattle auctions daily, delivering instant, accurate, and comprehensive data straight from the sale barn to your screen.

Click here to access the CLARA LIVE news feed and stay updated with real-time cattle market insights.