JEFFERSON CITY — Missouri’s farmers and ranchers now have another tool to assess the market value of stocker cattle.
The Department’s Ag Market News team has launched the Missouri Stocker Formula – a seven day calculated weighted value for feeder steers reported by the Department/USDA Market News Service weighing 400-649 lbs.
This formula is aimed at helping farmers and ranchers in Missouri who have interest in the stocker cattle market. This formula will serve as a barometer to allow individuals to quickly get a feel for price direction and volume of stocker cattle currently moving through Missouri’s auction barns. Missouri is currently ranked second in the nation for beef cattle, with approximately 2.16 million head across the state.
The Missouri Stocker Formula is updated daily, and can be found here.
For more information, click here or call (573) 751-5618.
— Missouri Department of Agriculture
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