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South Dakota Weekly Cattle Auction Summary

Archived Report

3/13/2021

Total Run: 32,856

Market Notes

Compared to last week: Feeder steers under 600 lbs steady to 3.00 higher, except 450-500 lbs 3.00 to 4.00 lower, over 600 lbs steady to 3.00 lower. Feeder heifers steady to 2.00 higher, except 500-550 lbs 6.00 to 7.00 higher. Good demand for light weight cattle to background, very good demand for replacement quality heifers, only moderate demand for cattle bound for finishing yards. A large offering in the auctions again this week as producers work to get their yards emptied out before new crop calves start hitting the ground. April CME Live Cattle futures continued to disappoint as it stubbornly stays below 120.00, which is a key figure as many outgoing fed cattle were bought last year with a 120.00 breakeven. Cattle feeders watch the April contract very closely as that is normally the high of the year, when supplies of market ready cattle are the tightest. Feed cost are much higher now and concern of more losses is weighing on the feeder cattle market. Flesh condition is of utmost importance, especially in a challenging market, buyers are willing to give much more for a green one than for one that has been pushed too hard. The market is very active on cattle that will graze on grass as yearlings as turnout time is only two months away. The supply of these light cattle is very tight and when numbers of them show up in town the competition is fierce. A much greater supply of heavier, backgrounded steers and heifers exist. Slaughter cows steady to 1.00 lower, bulls 2.00 lower.

Supply included: 94% Feeder Cattle (54% Steers, 46% Heifers, 0% Bulls); 6% Slaughter Cattle (54% Steers, 10% Dairy Steers, 15% Heifers, 19% Cows, 1% Bulls). Feeder cattle supply over 600 lbs was 79%.

LIVESTOCK SUMMARY Current Week Last Reported 3/1/2021 Last Year Total Receipts: 32,856 32,240 22,983 Feeder Cattle: 31,010(94.4%) 29,295(90.9%) 21,578(93.9%) Slaughter Cattle: 1,846(5.6%) 2,945(9.1%) 1,405(6.1%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 211 211 0.0000 $528
300-400 186 194 200 $679
400-500 167.5 183 202 $825
500-600 152.5 177 190.5 $976
600-700 $--
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 145 162 167 $567
400-500 142.5 161 175 $726
500-600 130 153 169 $843
600-700 $--
700-800 $--

*Approx is the middle weight of the weight group multiplied by the mid point of the high and low for the group. It's meant as a quick method to see what cattle of that weight class are bringing per head.

Cows & Bulls

Type Min Avg Max
Slaughter Bulls $55 $79 $88

Total Run

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