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South Dakota Weekly Cattle Auction Summary

Archived Report

2/19/2022

Total Run: 28,773

Market Notes

Compared to last week: Feeder steers under 650 lbs 3.00 to 7.00 higher, over 650 lbs steady to 3.00 lower. Feeder heifers under 700 lbs 2.00 to 5.00 higher, over 700 lbs steady to 2.00 lower. Very good demand for steers and heifers suitable for backgrounding, either in a yard or on grass, as the supply of this class dwindles with each passing week. Good demand remains for cattle suitable for finishing, yet the great supply of this class allows plenty of selection and buyers don’t have to chase the market to get them bought. The CME Feeder Cattle futures are painting a very rosy prospect for feeder cattle producers come fall shipping time. The backgrounders want to make sure they have their cattle bought for this time frame as it looks to be highly profitable. The Live Cattle contracts are not forecasting as a robust fat market, which is keeping a lid on the heavier weight cattle as their breakeven prices are currently par with the board. The weather, overall, has been favorable for cattle gaining and growing well as snow has been scarce and feedyard pens are in good shape, which is helping greatly with costs of gains as all feed ingredients in a ration are very high. This is helping to keep cattle feeders in good spirits and feeling optimistic about the coming months in the fat market. Slaughter cows steady to 1.00 higher, bulls 5.00 higher.

Supply included: 95% Feeder Cattle (61% Steers, 39% Heifers); 5% Slaughter Cattle (49% Steers, 5% Dairy Steers, 23% Heifers, 23% Cows, 1% Bulls). Feeder cattle supply over 600 lbs was 84%.

LIVESTOCK SUMMARY Current Week Last Reported 2/7/2022 Last Year Total Receipts: 28,773 43,012 25,885 Feeder Cattle: 27,432(95.3%) 41,241(95.9%) 24,196(93.5%) Slaughter Cattle: 1,341(4.7%) 1,771(4.1%) 1,689(6.5%)

Feeder Steers

Weight Min Avg Max Approx*
200-300 $--
300-400 212 217 225 $758
400-500 206 225 235 $1,013
500-600 186.5 208 235.5 $1,144
600-700 $--
700-800 $--

Feeder Heifers

Weight Min Avg Max Approx*
200-300 $--
300-400 200 209 212.5 $733
400-500 180 193 203.5 $868
500-600 169 183 200.5 $1,009
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 $77 $99 $106

Total Run

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