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late summer, followed by a normal seasonal decline. The predicted prices for choice steers suggests an expected average price of $27 to $30 for choice steer calves In Virginia’s 1963 feeder calf sales. For the first two quarters of 1963 cattle prices will likely be slightly below prices for the same period of 1962. The decline will probably be greater for fed cattle than for nonfed cattle, because the supply of non-fed cattle is expected to be only slightly larger. The supply of fed cattle will likely be 6 to 8 percent above 1962. Prices during the third and fourth quarters of 1963 are expected to be slightly higher for fed cattle, and somewhat lower for non-fed cattle than prices during the first half of the year. Feeder calf prices In 1963 are expected to be close to 1962 prices during the first half of the year, and below 1962 prices in the fall.
82.2%