Sioux Falls Regional Cattle Auction
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Archived Report
2/27/2023
Total Run: 3,692
Market Notes
Compared to last week: Feeder steers 1.00 to 4.00 higher with instances of 20.00, except 600 lbs - 700 lbs steady to 1.00 lower. Feeder heifers steady to 3.00 higher with instances of 17.00, except 650 lbs - 700 lbs 6.00 to 9.00 lower. Demand for this nice offering of eye appealing cattle was good. Lightweight grass cattle really got buyers on the edge of their seats to bid. The lighter weight cattle jumped a significant amount this week as they are getting harder to find. Black hided cattle, several rounds of shots and days weaned were factors influencing the buyers decisions as well. With a wild winter storm mid week last week the cattle were in great shape and clean this week. Several farmer buyers in the seats today along with an active internet kept the auction active. The winter calf market is outperforming expectations, is the opinion voiced by many buyers talking today. Placements in feedlots in January were 4 % below January of 2022. Optimism in the feeder market continues! Slaughter cows and bulls to few to make a meaningful comparison.
Supply included: 99% Feeder Cattle (61% Steers, 39% Heifers); 1% Slaughter Cattle (82% Cows, 18% Bulls). Feeder cattle supply over 600 lbs was 76%. AUCTION This Week Last Reported 2/20/2023 Last Year Total Receipts: 3,692 6,461 4,380 Feeder Cattle: 3,647(98.8%) 6,296(97.4%) 4,295(98.1%) Slaughter Cattle: 45(1.2%) 165(2.6%) 85(1.9%)
Feeder Steers
Weight |
Min |
Avg |
Max |
Approx* |
200-300 |
|
|
|
$--
|
300-400 |
272.5 |
276 |
285 |
$966
|
400-500 |
250 |
258 |
261 |
$1,160
|
500-600 |
223 |
239 |
249 |
$1,313
|
600-700 |
199 |
211 |
217 |
$1,372
|
700-800 |
187 |
195 |
203 |
$1,460
|
Feeder Heifers
Weight |
Min |
Avg |
Max |
Approx* |
200-300 |
|
|
|
$--
|
300-400 |
222.5 |
227 |
229 |
$793
|
400-500 |
219 |
223 |
228 |
$1,003
|
500-600 |
193 |
208 |
218 |
$1,143
|
600-700 |
175 |
187 |
199 |
$1,213
|
700-800 |
161 |
176 |
179 |
$1,321
|
*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 |
$94 |
$107 |
$104 |
Total Run