Report Date: 5/2/2019
SF_LS758
Sioux Falls, SD Thu May 2, 2019 USDA-SD Dept of Ag Market News
Mitchell Livestock Auction
Feeder Cattle Weighted Average Report for 05/02/2019
Receipts: 2802 Week Ago: 6190 Last Year: 7719
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Compared to last week: Feeder steers 650-1000 lbs 3.00 to 8.00
lower, over 1000 lbs 2.00 to 4.00 lower, under 650 lbs not well
compared. Feeder heifers 3.00 to 8.00 lower except 600-650 and
700-750 lbs steady to 2.00 lower. Moderate demand for backgrounded
yearlings bound for feedyards, good demand for fall born calves or
light yearlings suitable for backgrounding. Cattle futures suffered
another day of losses, especially fourth quarter 2019 Live Cattle
contracts and all of the Feeder Cattle months. Lower cash sales of
fed cattle combined with the downward trending futures is causing
much uncertainty amongst cattle feeders. Pen conditions remain
very muddy due to cool, rainy weather which is another hurdle cattle
feeders have to overcome. With a weaker market outlook cattle feeders
have been forced to lower their expectations for the cattle they are
placing on feed. Several consignments cancelled as muddy conditions
making it difficult to get cattle shipped to town. There were several
consignments of fall born calves that sold on an active market, heavier
cattle were not as easy to sell. Flesh light to heavy, the market was
draggy on the heavy fleshed cattle. 92 percent of feeder cattle over 600
lbs. 54 percent of feeders were steers; 46 percent heifers. Next week
expecting 4,500 feeder cattle and starting at 8:30 am.
Feeder Steers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
13 440 440 182.00 182.00
11 469 469 183.00 183.00
15 529-537 534 169.00 169.00 Fleshy
54 588-594 592 172.00-186.00 182.14
28 619-647 628 165.50-171.00 169.18
63 659-686 672 155.00 155.00
37 709-745 723 147.50-160.00 154.57
102 836-845 843 131.50-143.75 141.47
203 853-896 878 128.50-143.50 133.99
65 934 934 130.50 130.50
66 944 944 126.00 126.00 Fleshy
163 955-965 958 130.00-131.85 131.61
66 958 958 128.75 128.75 Fleshy
Feeder Steers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
12 514 514 169.00 169.00
64 757-780 767 140.00-141.50 140.83
46 841-844 843 132.00-137.75 136.28
50 872-889 878 128.00-130.00 129.27
16 915 915 125.50 125.50
Feeder Steers Large 1
Head Wt Range Avg Wt Price Range Avg Price
163 1017-1024 1020 124.25-127.10 125.28
58 1055 1055 124.35 124.35
99 1120 1120 119.00 119.00
31 1153 1153 116.75 116.75 Fleshy
11 1220 1220 112.50 112.50 Fleshy
Feeder Heifers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
56 500-542 512 149.00-163.50 154.48
26 592 592 145.50 145.50
14 591 591 141.00 141.00 Fleshy
73 613-649 630 142.50-148.50 145.68
111 673-696 681 140.50-146.00 143.23
7 694 694 137.00 137.00 Fleshy
130 700-744 717 139.75-142.00 140.26
119 753-774 768 133.75-138.00 134.66
125 833-849 843 122.75-124.50 123.84
12 827 827 130.00 130.00 Replacement
431 850-893 871 120.75-125.00 122.69
64 950 950 117.75 117.75 Fleshy
Feeder Heifers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
20 550-584 573 141.00-142.50 141.87
27 603 603 139.00 139.00
10 826 826 123.25 123.25
Feeder Bulls Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
5 626 626 155.00 155.00
Source: USDA-SD Dept of Ag Market News Service
Justin Lumpkin, Officer in Charge
605-372-8350
www.ams.usda.gov/lpsmarketnewspageSF_LS758.txt
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