SF_LS795 Sioux Falls, SD Mon Mar 25, 2019 USDA-SD Dept Ag Market News South Dakota Weekly Auction Summary – For the Week Ending Mar 23, 2019 Receipts: 34,535 Last Week 11,334 Last Year 15,518 Results of: Ft. Pierre, Herreid, Hub City, Mitchell, Mobridge, and Sioux Falls Regional Compared to last week: Feeder steers 5.00 to 10.00 higher, instances 12.00 to 15.00 higher. Feeder heifers 3.00 to 6.00 higher. Very good demand for all weights and classes this week as cattle feeders are feeling much more optimistic about the market as the CME Cattle Futures complex crossed above key benchmark levels. Cattle feeders have been disappointed with how slowly the cash fed cattle market has advanced this winter and have been apprehensive about buying cattle, making sure to not buy something that could be too high. April Live Cattle crossed the 130.00 mark, Jun went to 124.00 and Aug to 120.00. Aug is known for being a month with plentiful supplies of fed cattle, as is Oct which also went over 120.00. This has brightened the future for the coming months of the cash market as it has advanced several dollars from where it was two weeks ago. A large offering of feeder cattle across the state this week as auctions that had to cancel last week were able to have a sale this week. Feed yard pens are very muddy and soft, which had many producers worried that cattle feeders wouldn’t be interested in buying cattle and putting them in the mud after they faced poor feeding conditions throughout the winter. This was not the case though as the seats were full of buyers actively bidding and chasing the market higher. Slaughter cows steady to 2.00 lower, bulls 4.00 lower. Slaughter Cows Pct Lean Weight Avg Dress High Dress Low Dress Breakers 75-80 1235-2010 60.50-69.00 68.50-72.50 48.00-63.00 Boners 80-85 1030-1975 52.50-61.50 62.00-67.00 43.00-52.00 Lean 85-90 845-1395 49.00-56.50 -- 43.50-49.00 Slaughter Bulls, Yield Grade 1-2 Weight Avg Dress High Dress Low Dress 1480-2345 78.50-86.50 88.50-92.00 66.00-77.00 Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 9 335-345 342 195.00-200.00 198.37 9 356-383 368 191.00-195.00 193.15 112 400-441 423 182.50-196.50 188.69 9 449 449 171.00 171.00 Fleshy 149 455-498 474 174.00-188.00 180.09 409 500-548 527 159.00-199.00 188.12 592 550-599 576 159.50-182.50 174.08 44 575 575 186.25 186.25 Thin Fleshed 1384 600-649 624 150.00-183.50 171.12 31 609 609 172.50 172.50 Thin Fleshed 1642 651-698 677 142.50-169.50 159.02 11 670-678 673 137.00-145.00 142.07 Fleshy 1704 700-748 727 140.00-159.50 152.44 22 733-746 739 130.00-144.00 139.03 Fleshy 71 720 720 161.25 161.25 Value Added 2189 752-799 771 141.25-158.00 150.16 64 764-798 784 135.00-139.00 138.18 Fleshy 2649 800-848 824 137.00-150.25 144.81 28 811-846 820 129.00-130.00 129.74 Fleshy 2067 851-899 878 128.25-149.25 139.76 200 869 869 147.50 147.50 Value Added 1297 902-947 921 125.00-142.00 136.35 120 906-941 934 123.50-132.50 125.79 Fleshy 1153 950-996 971 124.00-138.25 133.52 18 973-998 981 121.00-125.25 123.81 Fleshy 243 981 981 140.50 140.50 Value Added Feeder Steers Large 1 Head Wt Range Avg Wt Price Range Avg Price 547 1002-1035 1018 123.00-135.00 129.82 69 1065-1099 1083 123.75-126.25 124.95 189 1110-1136 1126 125.25-127.10 126.34 7 1132 1132 122.50 122.50 Fleshy Feeder Steers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 11 397 397 180.00 180.00 34 427-447 442 173.00-183.00 179.55 37 485-498 489 165.00-170.00 168.78 85 507-548 534 156.00-183.00 166.57 27 512-539 533 167.00-168.50 167.32 Thin Fleshed 55 570-598 585 146.00-162.50 154.88 96 618-649 634 141.00-163.00 155.59 47 757-786 769 138.00-146.00 141.32 16 822-833 829 130.50-131.50 130.87 9 882 882 131.50 131.50 36 909-930 918 120.00-132.25 127.41 115 1028 1028 133.25 133.25 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 7 639 639 137.00 137.00 Feeder Bulls Medium and Large 2 Head Wt Range Avg Wt Price Range Avg Price 7 302 302 155.00 155.00 6 392 392 151.00 151.00 32 534 534 150.00 150.00 34 622 622 137.00 137.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 6 345 345 172.50 172.50 7 380-388 385 162.50-169.00 165.25 78 406-448 425 158.00-175.00 170.24 430 450-497 479 145.00-172.00 159.48 8 487 487 142.00 142.00 Fleshy 512 505-546 526 145.00-161.50 153.90 1053 551-599 574 141.50-169.00 155.84 47 573-579 575 126.00-142.00 137.41 Fleshy 1135 600-648 626 136.00-155.00 143.23 66 642-646 644 133.00-139.25 134.84 Fleshy 229 600-627 613 151.50-155.00 152.37 Thin Fleshed 1832 650-699 674 130.00-144.75 139.07 163 650-665 657 153.00-154.50 153.74 Replacement 2123 700-747 724 129.00-142.00 136.05 98 716-744 724 128.50-130.50 129.66 Fleshy 70 725 725 140.00 140.00 Replacement 2128 750-797 771 122.00-140.25 132.43 76 772-790 780 120.00-126.50 122.08 Fleshy 106 752-779 770 139.25-140.50 140.09 Replacement 149 787 787 143.50 143.50 Value Added 1380 800-848 820 123.00-135.25 128.92 53 821-842 830 120.00 120.00 Fleshy 49 820 820 1160.00 1160.00 Per Head 64 838 838 141.00 141.00 Replacement 1216 851-899 874 119.50-131.00 127.24 34 859-899 881 118.00-124.00 120.30 Fleshy 232 862 862 135.00 135.00 Value Added 396 900-934 921 122.25-130.25 127.14 30 902-942 927 117.00-119.00 117.83 Fleshy 69 954-991 972 118.50-125.00 121.58 Feeder Heifers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 13 319-329 323 155.00-160.00 158.04 17 354-378 372 145.00-158.00 155.09 92 416-449 442 152.00-162.50 158.55 14 487-489 489 152.00-154.00 153.57 44 501-548 532 133.50-154.00 141.34 50 582-595 591 136.00-146.00 141.44 26 621-632 625 135.00-140.00 137.08 33 654-697 676 117.00-131.00 125.01 13 658 658 139.00 139.00 Replacement 24 769-773 771 124.00-125.00 124.58 35 763 763 131.75 131.75 Replacement 7 821 821 125.00 125.00 Feeder Heifers Medium and Large 2 Head Wt Range Avg Wt Price Range Avg Price 24 474 474 141.50 141.50 22 595 595 129.25 129.25 13 610 610 108.00 108.00 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 0815c jll