Report Date: 6/16/2016
SF_LS758
Sioux Falls, SD Thu Jun 16, 2016 USDA-SD Dept of Ag Market News
Mitchell Livestock Auction
Feeder Cattle Weighted Average Report for 06/16/2016
Receipts: 1155 Last Week: 7838 Year Ago: 1443
Compared to last week: Very light receipts compared to
last week. Best test on steers 1000-1100 lbs 8.00 to 10.00 lower.
Heifers very lightly tested, best test 900-950 lbs 3.00 to 6.00
lower. Demand light to moderate for light weight calves as there
were limited offerings, mostly moderate demand for yearling cattle.
Flesh conditions ranged from light to moderate plus. Quality average
to attractive. At the time of this writing, CME Live Cattle futures
trading .38 to .80 lower for contracts through Dec 2016; Feeder Cattle
1.33 to 1.58 lower for Aug and Sept contracts respectively. CME Corn
futures 3.25 cents lower for Jul and Sep contracts. Cash fed cattle trade
limited on light demand thus far for the week, with Live basis 119.00-123.00;
Dressed basis 195.00-198.00. Feeder cattle receipts 70 percent steers,
30 percent heifers; 97 percent weighing over 600 lbs. Sale next Thursday
June 23rd, with 1,500 head expected. Please note there will be no sale in
two weeks (June 30th).
Feeder Steers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
3 503 503 176.00 176.00
42 704-724 714 151.50-158.00 155.55
16 712-740 726 149.00-149.50 149.25 Fleshy
24 825-848 840 140.75-142.00 141.16
94 902-915 905 133.50-135.50 133.95
9 999 999 128.00 128.00
Feeder Steers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
14 599 599 156.00 156.00
7 644 644 155.00 155.00 Thin Fleshed
5 689 689 155.75 155.75
14 735 735 152.50 152.50 Thin Fleshed
4 769 769 143.25 143.25
Feeder Steers Large 1
Head Wt Range Avg Wt Price Range Avg Price
221 1022-1049 1038 124.75-125.10 124.95
151 1053-1065 1060 125.10-126.10 125.76
152 1127-1147 1134 118.75-123.50 123.16
Feeder Holstein Steers Large 3-4
Head Wt Range Avg Wt Price Range Avg Price
5 1081 1081 90.50 90.50
Feeder Heifers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
3 590 590 144.00 144.00
10 634 634 144.00 144.00
9 686 686 144.00 144.00
7 666 666 141.50 141.50 Fleshy
8 722-747 738 135.75-138.50 136.76
9 742 742 135.50 135.50 Fleshy
13 815 815 131.00 131.00
38 872 872 125.00 125.00 Fleshy
199 903-945 917 125.25-127.50 126.40
Feeder Heifers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
9 520-532 525 153.50-164.00 159.27
13 745 745 130.00 130.00
12 847 847 124.00 124.00
Source: USDA-SD Dept Ag Market News, Sioux Falls, SD
Erika Goette, Market Reporter
605-372-8350
www.ams.usda.gov/mnreports/SF_LS758.txt
1300C elg
.
Archived market reports...