Feeder cattle prices are finishing 2024 are record high levels, rounding out the top ten RRFN ag stories of the year. The average price for 500-pound steer calves is $320 per hundredweight. That’s up 19 percent from last year and up 63 percent from 2022 levels. Strong demand for calves helped counteract seasonal pressure in the local cattle markets. “Usually, the end of October and into November is a tough time to sell calves,” said Tim Petry, livestock economist, North Dakota State University. “This year we’ve seen an increase in the last month (November) which is positive for those selling calves.”
