Mitchell Livestock Weighted Average
USDA - Fri Mar 22, 11:56AM CDT
SF_LS758
Sioux Falls, SD    Thu Mar 21, 2019    USDA-SD Dept of Ag Market News

Mitchell Livestock Auction
Feeder Cattle Weighted Average Report for 03/21/2019

Receipts:  6724    Two Weeks Ago:  8424    Last Year:  4659
 
   Compared to two weeks ago:  Feeder steers 3.00 to 5.00 higher, except
750-950 lbs 5.00 to 10.00 higher with instances to 12.00 higher.  Feeder
heifers 3.00 to 5.00 higher with instances of 10.00 higher on 750-800
lbs.  Demand very good for this large offering of high quality steers and
heifers.  Many long strings and full loads and multiple load lots allowed
buyers plenty of selection to make full pens or even full yards of
uniform cattle.  Flesh condition remains uneven, many in light to
moderate, but also an increased supply in moderate plus to fleshy.  The
market was active for all kinds and conditions.  There were more buyers
on the seats actively bidding and chasing the market higher.  CME Live
Cattle contracts have changed greatly, April crossed the 130.00
threshold, Jun above 124.00, and the key month of Aug made it to 120.00.
This change in the futures contracts has infused much needed optimism
into the cattle feeding sector.  93 percent of feeder cattle over 600
lbs.  61 percent of feeder were steers; 39 percent heifers.  Next week
expecting 4000 head sold.

               Feeder Steers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
   44    500-548     534    187.00-190.00     188.44
   78    562-586     574    170.50-178.00     175.04
   70    624-648     635    161.00-169.00     166.22
  400    651-697     681    153.00-166.50     158.50
  259    701-748     730    146.50-155.75     152.06
  479    752-799     780    141.50-153.25     150.26
  332    815-840     829    139.00-150.25     146.63
  645    851-895     880    135.00-149.25     141.89
  521    902-941     916    133.50-142.00     138.01
   30      929       929       132.50         132.50   Fleshy
  268    962-996     986    134.25-138.25     135.67
   12      973       973       125.25         125.25   Fleshy

                Feeder Steers Medium and Large 1-2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
   32    547-548     548    161.00-183.00     172.47
   20    570-598     581    159.00-162.50     160.44
   42    618-649     633    159.00-162.00     161.09
   25    757-770     763    141.50-146.00     143.68
    9      882       882       131.50         131.50
   19      909       909       132.25         132.25
  115     1028      1028       133.25         133.25

                      Feeder Steers Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
  180   1004-1035   1019    129.00-135.00     133.51
   30     1026      1026       123.50         123.50   Fleshy
  150   1110-1128   1123    125.25-127.10     126.62

                Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    5      485       485       163.00         163.00
   73    516-545     527    154.00-161.50     156.08
    7      541       541       149.00         149.00   Fleshy
   53    551-596     581    145.00-155.00     152.70
  249    600-641     619    139.50-149.50     146.06
   15      642       642       139.25         139.25   Fleshy
  181    650-699     667    132.50-144.75     141.50
   41    676-699     685    131.50-137.25     135.13   Fleshy
  359    704-742     727    130.00-142.00     136.71
   37    717-737     723    130.00-130.50     130.17   Fleshy
  328    750-793     777    130.00-140.25     135.15
    9      772       772       126.50         126.50   Fleshy
   36      752       752       139.25         139.25   Replacement
  490    803-848     827    125.75-135.25     130.87
  252    851-882     868    127.00-131.00     129.95
   18    859-872     865    120.50-124.00     122.43   Fleshy
  120    900-930     918    123.50-130.25     126.92
    8      932       932       119.00         119.00   Fleshy
   27      954       954       125.00         125.00

               Feeder Heifers Medium and Large 1-2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
   14    487-489     489    152.00-154.00     153.57
   14    501-548     516    149.00-154.00     151.12
    8      592       592       146.00         146.00
   11    631-632     631    139.75-140.00     139.86
   13      658       658       139.00         139.00   Replacement
   14      769       769       125.00         125.00
   35      763       763       131.75         131.75   Replacement

                Feeder Heifers Medium and Large 2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
   24      474       474       141.50         141.50
   22      595       595       129.25         129.25

                      Feeder Heifers Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
   46     1018      1018       119.10         119.10   Fleshy

                 Feeder Bulls Medium and Large 2
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    7      302       302       155.00         155.00
    6      392       392       151.00         151.00
   32      534       534       150.00         150.00
   34      622       622       137.00         137.00

Source:  USDA-SD Dept of Ag Market News Service
         Justin Lumpkin, Officer in Charge
         605-372-8350
         www.ams.usda.gov/lpsmarketnewspageSF_LS758.txt
 
2000c    jll