South Dakota Weekly Auction Summary (Mon)
SF_LS795 
Sioux Falls, SD    Mon Sep 11, 2017    USDA-SD Dept Ag Market News
             
South Dakota Weekly Auction Summary � For the Week Ending Sep 9, 2017

Receipts: 5,138        Last Week 3,767        Last Year 3,854              

Results of:  Hub City and Mitchell

   Compared to last week:  Feeder steers sold with steady to higher
undertones, feeder heifers unevenly steady in a very narrow comparison.
Good demand for all weights of feeder cattle this week.  There weren�t
many auctions featuring feeder cattle during this holiday shortened week.
Areas of the state that were fortunate enough to receive some rain in
August saw the grass green up and grow some, which is allowing those
producers to hang on a little longer before they have to pull off grass
and start feeding.  The cattle futures markets this week finally put some
gains together, Live Cattle gained more than 2.00 for the week while
Feeder Cattle gained over 5.00.  Cattle feeders were reluctant to accept
lower bids early in the week and held out for more, with a light trade
at 105.00 and 168.00.  Many passed those bids as the futures markets
went higher.  Asking prices were at 108.00 as the futures were higher and
boxed beef cutout was able to hold together at nearly 192.00.  The 
packers maintain the upper hand in this market but cattle feeders weren�t
just going to roll over and give them away.  The weekly slaughter total 
was large again, 29,000 head greater than last year and packers were
able to keep the beef market from falling.  Cattle feeders are trying to
keep carcass weights from surpassing last year�s levels but now with
Dec futures more than 5.00 premium to Oct the temptation is there to
try to feed to a better market.  The basis switched around to a negative
level as cash fell beneath the futures price, the first time this has
happened in quite some time.  Slaughter cows 1.00 to 2.00 higher, bulls
4.00 lower.

   Slaughter Cows
           Pct Lean   Weight     Avg Dress      High Dress     Low Dress
Commercial  65-75    1412-1627   73.00-75.00    91.00-95.00        --
Breakers    75-80    1555-1903   66.00-72.00        --         61.00-65.00
Boners      80-85    1155-1625   65.00-67.75       74.00       58.00-61.00
Lean        85-90    1195-1305   61.00-67.00        --         55.00-56.00

   Slaughter Bulls, Yield Grade 1-2
       Weight       Avg Dress       High Dress      Low Dress
      1520-2090     81.00-86.50     86.00-88.00        78.00


                     Feeder Steers Medium and Large 1                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         10     400        400       159.00         159.00                 
         19     472        472       150.50         150.50                 
          5     510        510       180.50         180.50 Yearlings       
         51   562-592      580    149.00-163.00     153.50                 
         31   582-585      584    166.00-172.00     170.84 Yearlings       
        100   657-681      678    161.00-170.50     168.69                 
         83   705-742      724    158.00-169.25     162.30                 
        192   770-798      786    155.00-164.75     160.31                 
        129   801-834      805    149.25-164.00     159.05                 
        124   857-881      861    149.00-151.50     151.11                 
        243   915-946      929    141.00-150.25     144.75                 
        105   905-913      910       156.25         156.25 Thin Fleshed    
        112   988-990      989    144.50-146.85     145.61                 

                           Feeder Steers Large 1                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
        225  1001-1006    1003    144.50-148.20     146.36                 
        159  1055-1097    1071    127.75-136.50     133.44                 
         72    1109       1109       128.50         128.50                 
        108  1166-1187    1179    119.25-120.50     119.59                 

                          Feeder Steers Large 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         42  1021-1030    1025    126.50-131.50     128.77                 

                    Feeder Steers Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         51     680        680       146.00         146.00                 
         43     859        859       137.50         137.50                 
         30     919        919       137.00         137.00                 

                     Feeder Steers Medium and Large 2                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         14     534        534       153.00         153.00 Yearlings       
          9     712        712       158.50         158.50 Thin Fleshed    
          7     849        849       152.00         152.00                 

                      Feeder Holstein Steers Large 3                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         72     975        975        84.00          84.00                 
         13    1165       1165        76.00          76.00                 

                     Feeder Holstein Steers Large 3-4                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         65     837        837        85.00          85.00                 
          7     919        919        75.50          75.50                 
          6    1024       1024        75.00          75.00                 

                      Feeder Holstein Steers Large 4                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          6     657        657        75.00          75.00                 

                      Feeder Bulls Medium and Large 1                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          9     409        409       164.00         164.00                 
         38     506        506       156.50         156.50                 

                     Feeder Heifers Medium and Large 1                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         27   374-390      385    168.00-170.00     169.35                 
          9     497        497       151.00         151.00                 
         63     515        515       147.00         147.00                 
         44     632        632       145.75         145.75                 
         48   656-698      675    139.00-149.00     146.32                 
         12   708-727      713    139.00-144.50     143.10                 
        339   758-797      773    135.00-149.75     142.24                 
        297   803-842      825    135.50-142.25     139.31                 
        409   856-888      871    134.00-142.25     138.77                 
         73     852        852       150.00         150.00 Thin Fleshed    
        783   902-942      920    128.85-139.90     134.85                 
         89   929-945      939    126.75-128.75     127.55 Fleshy          
         40   966-990      975    124.50-137.25     133.28                 

                    Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         22     613        613       144.00         144.00                 
         68     692        692       147.50         147.50                 
         11     850        850       133.50         133.50                 

                     Feeder Heifers Medium and Large 2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         12     466        466       150.00         150.00 Yearlings       
         14     518        518       146.00         146.00 Yearlings       
         14     811        811       138.50         138.50 Thin Fleshed    

Source:  USDA-SD Dept Ag Market News, Sioux Falls, SD
         Justin Lumpkin, Officer in Charge 605-372-8350  
         www.ams.usda.gov/mnreports/SF_LS795.txt
         www.ams.usda.gov/lpsmarketnewspage

1100c    jll