Transcription of South Dakota Weekly Cattle Auction Summary AMS …
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South Dakota Weekly Cattle Auction Summary AMS Livestock, Poultry, & Grain Market News South Dakota Dept of Ag Mrkt News Mon Feb 28, 2022. Email us with accessibility issues with this report. Livestock Weighted Average Report for 2/20/2022 - 2/26/2022. LIVESTOCK Summary . Current Week Last Reported Last Year 2/14/2022. Total Receipts: 13,109 28,773 46,313. feeder Cattle : 12,485( ) 27,432( ) 43,956( ). Slaughter Cattle : 624( ) 1,341( ) 2,357( ). Compared to last week: Fewer feeder Cattle in the auctions this week as the extremely cold weather caused many cancellations. feeder steers under 700 lbs steady to higher, over 700 lbs steady to higher. feeder heifers steady to lower. Good demand for feeder Cattle this week but with the sky-rocketing corn futures and free-falling feeder Cattle futures at midweek Cattle feeders took a step back to re- evaluate their game plan.
The CME Feeder Cattle futures are painting a very rosy prospect for feeder cattle producers come fall shipping time. The backgrounders want to make sure they have their cattle bought for this time frame as it looks to be highly profitable. The Live Cattle contracts are not forecasting as a robust fat market, which
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