South Dakota Weekly Auction Summary (Mon)
SF_LS795 
Sioux Falls, SD    Mon Mar 12, 2018    USDA-SD Dept Ag Market News
             
South Dakota Weekly Auction Summary � For the Week Ending Mar 10, 2018

Receipts: 13,809       Last Week 33,131       Last Year 24,884             

Results of:  Ft. Pierre, Herreid, Hub City, Mitchell, and Sioux Falls
Regional 

   Compared to last week:  Feeder steers unevenly steady, feeder heifers
steady to 3.00 lower.  Moderate to good demand this week, best demand
was centered on light fleshed cattle to background.  Winter storm moved
across the area early in the week which caused reduced offerings at the
auctions.  Cattle feeders were treading more carefully in their pursuit
of the feeder market.  Aug Live Cattle at just under 112.00 is really 
causing concern for cattle feeders as this is a full 15.00 lower than
then current spot cash fed cattle market, 127.00 this week.  Cash fed
cattle in the north sold steady at 127.00 and 204.00 dressed.  Boxed beef
values keep inching higher, Choice boxes at 224.14 leaving packers with a
very favorable margin.  The market for lighter weight cattle to run on
grass is a much different market than it is for those bound for
feedyards.  550 lbs steers this week averaged 1131.00 per head, while the
900 lbs steers only brought 1288.00 per head.  The supply of these light
cattle is tight and when a whole load is offered, in light flesh, like
was the case at Ft. Pierre this week the market really gets active.  This
load weighed 569 lbs and brought 205.50 per cwt.  Cattle feeders are
really battling to keep their margins intact and trying to get cattle
bought right, while those buying cattle to run on grass are up against
the wall.  These producers have to fight a lot of competition to get
cattle bought.  The Feeder Cattle board is structured a little
differently, currently, as the contracts for the fall market are 8.00
higher than the front month.  There has been some moisture this winter in
ranch country but drought conditions still exist.  Good spring rains will
be vital as pastures have been depleted of stockpiles of old grass.  Hay
stocks are low in West River as well.   Slaughter cows steady to 3.00
higher, bulls 3.00 to 5.00 higher in a very light test. 

   Slaughter Cows
           Pct Lean   Weight    Avg Dress      High Dress      Low Dress
Breakers    75-80   1515-2193   64.00-70.00        --          59.00-61.00  
Boners      80-85   1030-1710   63.00-70.00        --          60.00-63.50
Lean        85-90    905-1303   58.00-64.50        --             54.00

   Slaughter Bulls, Yield Grade 1-2
       Weight        Avg Dress       High Dress      Low Dress
      1670-2515      86.00-97.00       101.00           86.00

                     Feeder Steers Medium and Large 1                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         12   408-437      423    199.00-202.00     200.55                 
          6     452        452       192.00         192.00                 
         11     490        490       183.00         183.00 Fleshy          
         15     459        459       212.00         212.00 Thin Fleshed    
         33   518-524      523    180.00-195.00     190.38                 
        256   569-599      583    172.00-205.50     194.17                 
        283   608-649      631    166.00-184.50     173.39                 
         32     632        632       164.25         164.25 Calves          
         99     629        629       189.00         189.00 Fancy           
         16   629-631      631       159.00         159.00 Fleshy          
        392   651-697      680    157.50-177.50     169.09                 
         76     662        662       184.00         184.00 Fancy           
        275   700-749      734    152.00-162.50     155.55                 
          6     710        710       132.00         132.00 Fleshy          
       1045   750-797      778    139.00-156.50     148.26                 
       1249   801-845      822    135.50-153.50     146.46                 
        648   852-897      871    127.00-147.25     138.96                 
       1239   901-949      926    130.25-143.00     139.15                 
        344   951-994      973    130.00-135.00     132.33                 

                           Feeder Steers Large 1                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          7     742        742       147.00         147.00                 
         16     909        909       126.00         126.00                 
          4     961        961       130.00         130.00                 
        494  1012-1045    1019    129.25-135.00     133.56                 
        235  1028-1047    1033    130.00-133.50     132.36 Fleshy          
        219  1053-1085    1063    127.35-130.60     128.83                 
         66  1120-1135    1132    127.00-127.25     127.05                 

                          Feeder Steers Large 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          7    1032       1032       131.50         131.50                 

                    Feeder Steers Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         11   474-494      485    162.00-180.00     170.00                 
         10     579        579       174.50         174.50                 
         13     646        646       165.50         165.50                 
         40   686-697      691    151.00-160.50     153.26                 
          5     731        731       135.75         135.75                 
          5     822        822       135.00         135.00                 
         26     944        944       128.50         128.50                 


                     Feeder Heifers Medium and Large 1                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         15   444-448      446    162.50-178.00     169.70                 
         11   469-497      482    162.00-180.50     171.82                 
         53   500-549      518    158.00-174.00     163.24                 
         21     541        541       153.50         153.50 Fleshy          
        201   557-599      577    152.50-168.50     160.21                 
        419   602-649      636    133.00-158.75     153.74                 
         24     632        632       157.50         157.50 Replacement     
        785   651-696      678    136.00-151.75     144.47                 
         15     652        652       128.00         128.00 Fleshy          
        187   657-698      690    146.00-155.00     147.92 Replacement     
        773   701-746      726    131.50-141.50     137.76                 
        181   703-733      713    141.50-147.50     146.12 Replacement     
        784   752-799      777    126.00-140.75     133.37                 
         62     750        750       141.00         141.00 Replacement     
        152     796        796       147.00         147.00 Value Added     
        529   800-848      830    123.50-133.25     128.88                 
         48     821        821      1180.00        1180.00 Per Head        
         58     831        831    137.50-140.00     138.79 Replacement     
        516   854-898      876    123.00-129.75     127.03                 
         40     857        857      1170.00        1170.00 Per Head        
        130     886        886       150.00         150.00 Replacement     
         64     871        871       143.00         143.00 Value Added     
         36   908-914      909    123.50-128.00     125.21                 
         77     913        913      1250.00        1250.00 Per Head        
         77   959-994      967    120.25-128.00     124.93                 
         88   995-997      996    125.50-126.85     126.39 Fleshy          

                    Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          4     453        453       161.00         161.00                 
         10   509-528      519    150.00-154.00     151.96                 
          5     760        760       122.50         122.50                 
         10     810        810       120.00         120.00                 

                          Feeder Heifers Large 2                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         63     836        836       125.50         125.50                 

Source:  USDA-SD Dept Ag Market News, Sioux Falls, SD
         Justin Lumpkin Officer in Charge 605-372-8350
         www.ams.usda.gov/mnreports/SF_LS795.txt
         www.ams.usda.gov/lpsmarketnewspage

 920c    jll