Steer and heifer prices continue to climb higher in 2025 with all steer weight classes breaking$300/cwt in at least one week over the last quarter. Average prices for the quarter were$324.95 for 4-weights, $283.04/cwt for 5-weights, and 262.00/cwt for 6-weights. Heifer prices also climbed higher with all weight classes reporting over $215/cwt every week. Prices for 4-weight steers saw the greatest change in prices over the period with one week closing at$257.26/cwt and finishing at the end of March at $351.19/cwt, a difference of $93.93. Prices for 4-weight heifers and 6-weight steers also saw large swings in prices with differences between highest and lowest priced weeks of $62.21 and $59.74, respectively.
Thankfully, and as expected, steer and heifer basis stayed relatively steady through Q1. Lighter steers showed more positive basis this year compared to last with an average basis for the quarter of $51.46/cwt for the 4-weight steers. Heavier weight steers showed a less favorable basis compared to last year with the 5-weights showing $9.55/cwt compared to $38.23/cwt in2024. Compared to last year, heifer basis showed signs of strengthening in early March where as this year, only in the last couple weeks of the quarter was any notable increases in basis observed.
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