South Dakota Weekly Auction Summary (Mon)
SF_LS795 
Sioux Falls, SD    Mon Jun 19, 2017    USDA-SD Dept Ag Market News
             
South Dakota Weekly Auction Summary � For the Week Ending Jun 17, 2017

Receipts: 18,539       Last Week 20,876       Last Year 9,155              

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

   Compared to last week:  Feeder steers steady to 4.00 lower with
instances 5.00 to 6.00 lower.  Feeder heifers under 900 lbs 2.00 to 
4.00 lower, over 900 lbs 5.00 to 8.00 lower.  Demand uneven this
week, due to the sharp drop off in the futures market, as the best
demand was at the start of the week but tapered off by the end of the
week.  This week featured another customer appreciation BBQ feeder cattle
special sale, the market was very active but by midweek the steep losses
in the futures contracts and lower packer bids had cattle feeders
concerned and caused them to stop and re-evaluate their plan for cattle
procurement.  Farmer feeders were active bidders again this week as they
look to add value to their old crop corn by feeding it to cattle.  There
was a large offering of feeders as backgrounders are selling their
yearlings out of their yards as they normally do but the expanding
drought in the North and Central parts of the state are causing
producers to pull cattle off pastures and ship to the auction.  The
grass is running out fast and hay is short as well, leaving these
producers with little options other than to reduce their numbers.  Cattle
feeders had plenty of cattle to select from allowing them to ease 
back their orders and try to get cattle bought that can be hedged
against a rapidly falling futures market.  The futures market had a tough
week as Live Cattle fell nearly the limit lower on Monday, struggled
again Tue, and followed up with limit losses on Wed.  This set the tone
for the cash fed cattle market as the confidence of cattle feeders was
shook.  Packer buyers capitalized on this as they came out and bought
some cattle in the Southern Plains at 132.00-133.00 early in the week,
up to 135.00 at midweek, then down to 128.00-130.00 to close the week.
Packers were able to manage this massive market turnaround while being
able to sustain only light losses in the boxed beef market, Choice
boxes closed the week just shy of 250.00.  Cattle feeders wanted to
hang on their margins but yet are still wary of getting caught on the
wrong side again, so they sold their list at lower money.  Slaughter cows
uneven, Breakers and Boners 5.00 to 9.00 lower with Lean cows 3.00 to
5.00 lower.  Slaughter bulls 10.00 to 12.00 lower.

   Slaughter Cows
           Pct Lean   Weight     Avg Dress      High Dress     Low Dress
Breakers    75-80    1507-2060   69.00-76.00       80.00       55.00-62.50
Boners      80-85    1030-1676   65.00-75.00    76.00-85.00    61.00-66.00
Lean        85-90     975-1378   63.00-70.00       79.00       56.00-57.00

   Slaughter Bulls, Yield Grade 1-2
       Weight       Avg Dress       High Dress      Low Dress
      1540-2070     84.00-88.00         --          78.50-85.00
      2025-2320         --          83.00-88.00         --


                     Feeder Steers Medium and Large 1                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         43   460-478      476    185.00-199.00     186.57                 
         33     474        474       215.00         215.00 Thin Fleshed    
        127   503-545      520    184.25-203.00     194.25                 
        252   565-596      588    171.00-189.00     182.13                 
        275   602-649      631    163.50-190.00     180.07                 
        266   652-685      670    163.00-179.50     173.85                 
        732   704-747      719    157.50-175.50     166.24                 
        364   762-797      783    150.00-166.00     159.33                 
        136   767-776      772       169.50         169.50 Value Added     
        392   802-847      832    146.00-161.75     156.70                 
       1073   850-898      873    140.25-158.10     149.12                 
       1125   900-947      919    136.00-153.75     148.30                 
        817   950-998      961    135.50-148.00     144.43                 

                           Feeder Steers Large 1                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
        821  1004-1049    1025    130.75-144.10     138.64                 
        836  1053-1084    1067    131.50-140.00     133.56                 
         19    1095       1095       131.00         131.00 Fleshy          
        291  1108-1133    1122    130.00-133.00     131.26                 

                    Feeder Steers Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          9     331        331       203.00         203.00                 
         15   377-397      393    193.00-201.00     194.53                 
         48   402-444      427    177.00-194.00     186.64                 
          5     454        454       181.00         181.00                 
         12     540        540       181.00         181.00                 
         36   553-581      567    162.00-183.00     169.03                 
         63   623-644      634    146.00-169.00     157.94                 
         23   666-689      681    152.00-159.50     156.95                 
         18     737        737       159.00         159.00                 
          5     796        796       157.50         157.50                 
         12     804        804       148.00         148.00                 
         19     949        949       141.00         141.00                 
         26     986        986       138.00         138.00                 

                     Feeder Steers Medium and Large 2                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          8     403        403       151.00         151.00                 
          5     451        451       172.00         172.00                 
         15     546        546       142.50         142.50                 
          9     684        684       141.00         141.00                 
         21   706-747      720    131.00-139.50     136.56                 
          6     805        805       128.50         128.50                 
         19     883        883       132.00         132.00                 

                      Feeder Holstein Steers Large 3                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         14     557        557       107.00         107.00                 
         53     632        632       106.50         106.50                 

                     Feeder Heifers Medium and Large 1                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         49   416-441      427    162.00-187.00     178.29                 
         88   461-492      465    167.50-171.00     169.74                 
        258   504-547      531    161.50-176.00     166.68                 
        251   554-599      579    151.00-166.00     162.93                 
        459   600-646      622    153.00-167.00     161.62                 
        655   654-698      674    148.50-164.50     158.04                 
        801   702-747      724    141.00-161.00     153.69                 
        966   751-799      786    138.50-157.00     145.52                 
         26     786        786       155.50         155.50 Replacement     
        951   803-846      820    134.00-149.00     143.45                 
         61     818        818       155.00         155.00 Replacement     
        795   856-899      877    131.00-144.00     136.69                 
        554   904-947      930    122.75-139.00     130.33                 
        655   951-995      975    126.50-135.50     130.01                 
        134   954-967      962    129.00-131.00     130.68 Fleshy          

                    Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          4     321        321       200.00         200.00                 
         13   386-393      391    175.00-182.50     177.28                 
         56   406-447      435    180.00-183.00     182.20 Thin Fleshed    
         42   519-536      528    152.00-155.00     152.51                 
         13   561-598      578    152.00-155.00     153.57                 
         20   612-649      632    135.00-136.00     135.56                 
         48   654-682      666    146.50-149.00     147.18                 
          9     709        709       149.00         149.00                 
          8     709        709       130.50         130.50 Fleshy          
         30     773        773    139.00-140.50     140.05                 

                     Feeder Heifers Medium and Large 2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         24     449        449       165.00         165.00 Thin Fleshed    
         14     496        496       141.00         141.00                 
          8     553        553       143.00         143.00                 
         11     756        756       130.00         130.00                 
         11     844        844       128.00         128.00                 
         26     936        936       130.50         130.50                 

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

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