Cattle market prices vary by state. For Alabama, here is Cattle Prices Alabama Auctions' Daily Summary:
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.1 million head on October 1, 2014. The inventory was 1 percent below October 1, 2013. The inventory included 6.46 million steers and steer calves, up 1 percent from the previous year. This group accounted for 64 percent of the total inventory. Heifers and heifer calves accounted for 3.55 million head, down 3 percent from 2013. You can read more here.
Grit Magazine has suggestions on how greenhorns should not act at their first auction and Kansas State University offers details on what factors affect auction prices of feeder cattle.
Even though beef supplies are declining and retail prices are going up, consumers are demanding more. Get the scoop from Beef Magazine.