South Dakota Weekly Auction Summary (Mon)
SF_LS795 
Sioux Falls, SD    Mon Jul 17, 2017    USDA-SD Dept Ag Market News
             
South Dakota Weekly Auction Summary � For the Week Ending Jul 15, 2017

Receipts: 5,844        Last Week 6,321        Last Year 2,025              

Results of:  Herreid, Hub City, and Sioux Falls Regional

   Compared to last week: Feeder steers under 1000 lbs steady to 5.00
higher with instances seen of 6.00 to 8.00 higher, over 1000 lbs 3.00
to 4.00 lower.  Feeder heifers 3.00 to 6.00 higher except those heifers
over 950 lbs 5.00 lower.  Good demand for cattle to finish in the latter
part of the 4th quarter of the year as the CME Live Cattle contracts for
those back months are premium to the spot month, moderate demand for
those big heavyweight cattle that will finish late summer.  Very hot 
weather has prevailed for the month of July, which really affects the
performance, and mortality, of those heavy cattle.  With the current
cash fed cattle market and Aug Live Cattle futures contract at roughly
118.00 there isn�t a lot of incentive to buy a 1,000 or 1,100 pound 
steer at last week�s prices, cattle feeders had to buy them cheaper.
A seasonally light run of feeder cattle again this week, as is normal.
Grazing conditions continue to deteriorate as the weather has been
miserably hot and very dry.  Cattle producers in the driest parts of the
state are running short of grass and some yearlings are starting to come
off grass early.  The futures market lent support to the cash feeder
cattle market as did the cash fed cattle market as it seemed to find
stable footing.  Live basis sales came in at 118.00-121.00 and dressed
basis at 188.00-190.00.  Corn futures suffered large losses, Dec corn
began the week at 4.10 but ended the week .23 lower to close at 3.87.
Corn growers in SD haven�t been as fortunate as growers in other regions
of the nation as the rains have been missing this area.  Cattle feeders
have adjusted their sights lower and are selling their showlist according
to what the market will allow, this is evidenced by the large weekly
slaughter total.  This week packers were able to kill nearly 40,000 head
more than last year, as they processed 637,000 head.  With a kill this
large packers had a harder time selling the meat as the boxed beef cutout
lost over 9.00, to close the week at 209.35.  The slaughter cow and bull
market started the week higher, steady to 2.00 higher for cows and 4.00
to 5.00 for the bulls.  This all changed at midweek as the Breakers and
Boners were 5.00 to 8.00 lower from Monday yet Lean cows were only 1.00
lower.  Bulls fell off 5.00 to 10.00 from where they were on Monday.

   Slaughter Cows
           Pct Lean   Weight     Avg Dress      High Dress     Low Dress
Commercial  65-75    1476-1910   80.00-88.00        --             -- 
Breakers    75-80    1505-2045   65.00-78.50    71.00-76.00    63.00-69.00
Boners      80-85    1133-1640   64.00-78.50    75.00-81.00    59.00-71.50
Lean        85-90     915-1385   63.00-68.00       77.50       52.00-62.00

   Slaughter Bulls, Yield Grade 1-2
       Weight       Avg Dress       High Dress      Low Dress
      1605-2420     81.00-95.00     88.00-98.50     81.00-86.00


                     Feeder Steers Medium and Large 1                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          4     264        264       610.00         610.00 Per Head        
         26   558-599      586    171.00-175.00     172.17                 
         76   601-648      637    162.00-173.00     167.54                 
         14     666        666       169.00         169.00                 
         93   717-748      734    155.50-169.00     165.45                 
         98   757-778      771    149.50-152.50     150.52                 
        222   815-844      830    149.00-158.10     157.41                 
        203   874-885      879    144.50-158.40     148.30                 
        550   900-936      916    140.00-157.40     152.39                 
         27     946        946       125.50         125.50 Fleshy          
        951   951-998      982    134.50-146.00     139.86                 

                           Feeder Steers Large 1                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
        132  1015-1047    1039    126.00-133.25     130.59                 
        112  1058-1068    1063    124.75-130.40     129.89                 
         55    1100       1100       124.75         124.75                 
         56    1194       1194       122.25         122.25                 

                    Feeder Steers Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          6     498        498       160.00         160.00                 
          7     533        533       169.00         169.00                 
          9     573        573       160.00         160.00                 
         12     648        648       156.00         156.00                 
         12     829        829       142.00         142.00                 
         21     888        888       132.50         132.50 Fleshy          

                           Feeder Steers Large 2                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         10     812        812       135.00         135.00                 

                           Feeder Steers Large 3                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          5    1088       1088        96.00          96.00                 

                      Feeder Holstein Steers Large 3                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         13     515        515        91.00          91.00                 
         14     567        567        90.00          90.00                 
         21     671        671        92.50          92.50                 
          9   757-765      761     90.00-96.00       93.32                 
         18     953        953        90.75          90.75                 

                     Feeder Heifers Medium and Large 1                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          8   205-219      212    485.00-520.00     503.08 Per Head        
          9     361        361       650.00         650.00 Per Head        
         24   461-465      462    154.00-163.00     155.51                 
         37   572-587      577    147.50-155.00     152.10                 
         89   653-695      675    154.00-155.75     154.65                 
        137   705-732      723    138.00-152.50     145.25                 
        140   750-796      760    136.00-154.00     144.37                 
         74   815-846      839    142.00-148.50     143.36                 
        107   870-897      885    136.75-142.60     140.13                 
        366   902-932      914    139.25-142.60     141.74                 
        380   965-996      988    126.75-128.50     127.38                 

                    Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          8     508        508       154.00         154.00                 
         14     559        559       156.00         156.00                 
          4     638        638       143.00         143.00                 
         10     693        693       136.00         136.00                 
          4     709        709       133.00         133.00                 

                          Feeder Heifers Large 2                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         40     860        860       127.50         127.50                 

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

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