To compile this data, we averaged the 500 to 550 lb weight range with the 550 to 600 lb weight range for all state auctions. This can be best shown by examining actual price data collected by Kentucky market reporters.įigure 1 shows prices for 550 lb steers and bulls in Kentucky auction markets from 2010 to 2017, by month. However, these instances are the exception, rather than the norm. Sometimes this may be due to quality factors, other times it might be a lot size issue, and it can sometimes also be due to the needs of individual buyers at a given time. Inevitably, a group of bulls will outsell a group of steers on occasion. The first thing to understand is that there are thousands of cattle sold at markets every single day.
We will occasionally get a call or email asking why bulls are outselling steers at a given time or location. We will start with the basic notion of price differentials, and even this is not completely without question. While there is no way that this short article can completely address this topic, it should help provide a framework to help producers make this basic management decision. Further, it is generally accepted that bulls will outgain steers, which further complicates the discussion. Most agree that steers will outsell bulls of similar weight, but it is also well established that castrating bulls requires facilities, time and some expense. Producers will often ask about the magnitude of the price premium for steers over bulls.
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