South Dakota Weekly Cattle Auction Summary
Archived Report
7/23/2022
Total Run: 4,499
Market Notes
Compared to last week: Feeder steers and heifers unevenly steady in a narrow comparison. Much lighter auction receipts this week as auctions remain on their summer schedules. The drought still remains in the western regions of the state but most operators are able to keep their yearlings out on grass yet. The market is very active at the auctions as demand is very good for all weights of yearlings, but the best demand is for steers as cattle feeders are dealing with high costs of gain and want to buy the most efficient gaining cattle they can find. The cash fed cattle market topped at 146.50 in Iowa, still many dollars higher than the spot futures contract. Cattle feeders feel very bullish about the coming months of the fed cattle market and are willing to chase the yearling market to get cattle bought to fit those months. Slaughter cows uneven, Breakers 3.00 higher, Boner and Lean cows 5.00 to 10.00 lower, bulls 10.00 lower.Supply included: 80% Feeder Cattle (34% Steers, 66% Heifers); 20% Slaughter Cattle (32% Steers, 3% Dairy Steers, 35% Heifers, 28% Cows, 3% Bulls). Feeder cattle supply over 600 lbs was 96%.
LIVESTOCK SUMMARY Current Week Last Reported 7/11/2022 Last Year Total Receipts: 4,499 10,297 10,389 Feeder Cattle: 3,617(80.4%) 9,252(89.9%) 8,967(86.3%) Slaughter Cattle: 882(19.6%) 1,045(10.1%) 1,422(13.7%)
Feeder Steers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | $-- | |||
| 300-400 | $-- | |||
| 400-500 | 225 | 229 | 234 | $1,031 |
| 500-600 | 215 | 215 | 234 | $1,183 |
| 600-700 | 188 | 194 | 234 | $1,263 |
| 700-800 | 178 | 185 | 190.6 | $1,388 |
Feeder Heifers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | $-- | |||
| 300-400 | $-- | |||
| 400-500 | $-- | |||
| 500-600 | 179.5 | 181 | 0.0000 | $994 |
| 600-700 | 161 | 174 | 179 | $1,134 |
| 700-800 | 155 | 172 | 174.75 | $1,289 |
*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 | $52 | $95 | $104 |