Compared to last week: A much lighter offering of feeder cattle, receipts were reduced in East River, SD due to an early week large snowfall, feeder steers and heifers under 600 lbs too lightly tested for comparison, over 600 lbs steady to 3.00 higher. Good demand remains for light cattle to background, more moderate for heavier weight cattle suitable only for finishing. Cattle feeders have been unable to push the cash fed cattle market as high as they need it to be, although they did manage to sell some fats up to 116.00 this week. Profitability eludes most cattle feeders as their breakevens are closer to 120.00. Feedyard conditions are very muddy, as rain fell before the snow, the snow has now melted and is affecting dressing percents of outgoing fed cattle. Projected costs of gains are much higher for incoming cattle but the back months of the futures are much more attractive at 122.00 plus, giving a signal to the feeder that better markets lie ahead. April Live Cattle is currently lower than June and Aug which is hard to understand as that time of the summer fed cattle are much more plentiful. Cattle on Feed Report released Friday showed On Feed numbers at 102% of last year, but placements at only 98%. Marketings also came in at 98%, as the Feb winter storm that struck the southern plains caused packing houses to shut down during the power outages. Slaughter cows 3.00 to 4.00 higher, bulls 2.00 lower.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Medium and Large 1 · Replacement$ per cwt · actual wt | ||||
| 160 | — | 712 | 135.00–142.00 | 140.29 |
| 27 | — | 822 | 1,310.00 | 1,310.00 |
| 64 | — | 799 | 1,030.00 | 1,030.00 |
| 18 | — | 677 | 140.25 | 140.25 |
| 14 | — | 825 | 129.50 | 129.50 |
| 133 | — | 783 | 131.00–140.50 | 135.05 |
| 15 | — | 854 | 131.50 | 131.50 |
| Heifers — Medium and Large 1$ per cwt · actual wt | ||||
| 800 | — | 629 | 137.75–149.50 | 144.20 |
| 309 | — | 783 | 126.00–140.00 | 129.23 |
| 284 | — | 576 | 134.50–151.50 | 144.40 |
| 203 | — | 823 | 124.00–128.50 | 126.30 |
| 554 | — | 728 | 121.75–136.00 | 131.99 |
| 489 | — | 674 | 130.00–140.75 | 137.69 |
| 182 | — | 532 | 141.00–155.50 | 147.15 |
| 63 | — | 877 | 122.75–127.50 | 124.85 |
| 18 | — | 423 | 150.00–175.00 | 160.52 |
| 119 | — | 928 | 124.25–125.25 | 124.29 |
| 101 | — | 484 | 148.00–157.00 | 152.80 |
| 59 | — | 997 | 120.25 | 120.25 |
| Heifers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 21 | — | 626 | 130.00–134.50 | 131.33 |
| Heifers — Large 1$ per cwt · actual wt | ||||
| 3 | — | 1,033 | 115.25 | 115.25 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 51 | — | 703 | 121.50–123.00 | 121.92 |
| 18 | — | 544 | 134.00–141.00 | 138.65 |
| 15 | — | 780 | 113.50–124.50 | 122.32 |
| 5 | — | 595 | 133.00 | 133.00 |
| 6 | — | 478 | 153.00 | 153.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| 216 | — | 1,061 | 123.75–130.50 | 127.38 |
| 108 | — | 1,030 | 127.00–127.35 | 127.17 |
| 11 | — | 1,110 | 119.50 | 119.50 |
| Steers — Medium and Large 1 · Fleshy$ per cwt · actual wt | ||||
| 13 | — | 631 | 150.50 | 150.50 |
| 14 | — | 661 | 144.50 | 144.50 |
| 20 | — | 737 | 136.00 | 136.00 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 49 | — | 528 | 163.50–175.00 | 167.70 |
| 7 | — | 586 | 155.00 | 155.00 |
| 78 | — | 634 | 147.00–152.00 | 150.30 |
| 3 | — | 838 | 126.50 | 126.50 |
| Steers — Medium and Large 1$ per cwt · actual wt | ||||
| 863 | — | 878 | 124.00–138.00 | 133.92 |
| 133 | — | 575 | 163.00–176.00 | 167.71 |
| 153 | — | 534 | 170.00–188.00 | 184.18 |
| 231 | — | 680 | 147.00–160.75 | 153.35 |
| 25 | — | 429 | 181.00–190.00 | 186.47 |
| 387 | — | 726 | 136.75–153.00 | 143.78 |
| 4 | — | 391 | 208.00 | 208.00 |
| 773 | — | 822 | 130.00–139.35 | 137.53 |
| 731 | — | 772 | 131.50–147.00 | 138.31 |
| 492 | — | 927 | 123.00–133.75 | 131.25 |
| 238 | — | 624 | 147.50–168.25 | 161.27 |
| 37 | — | 465 | 180.00–184.00 | 182.59 |
| 396 | — | 971 | 124.00–133.60 | 128.10 |
| Steers — Medium and Large 1 · Thin Fleshed$ per cwt · actual wt | ||||
| 22 | — | 606 | 174.00 | 174.00 |
| 100 | — | 574 | 182.00 | 182.00 |
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Dairy Steers — Choice$ per cwt · actual wt | ||||
| 82 | — | 1,538 | 93.00–97.75 | 95.56 |
| Dairy Steers — Select and Choice$ per cwt · actual wt | ||||
| 7 | — | 1,422 | 90.00 | 90.00 |
| Steers — Choice$ per cwt · actual wt | ||||
| 17 | — | 1,443 | 114.00–115.00 | 114.39 |
| 6 | — | 1,553 | 111.00 | 111.00 |
| Steers — Choice · Natural$ per cwt · actual wt | ||||
| 34 | — | 1,600 | 118.00–119.00 | 118.12 |
| Steers — Choice · Heavy Weight$ per cwt · actual wt | ||||
| 137 | — | 1,634 | 113.50–117.00 | 115.37 |
| Steers — Select and Choice · Return to Feed$ per cwt · actual wt | ||||
| 23 | — | 1,262 | 111.25–114.50 | 112.66 |
| Heifers — Choice$ per cwt · actual wt | ||||
| 23 | — | 1,180 | 113.00 | 113.00 |
| 113 | — | 1,403 | 110.00–116.50 | 113.92 |
| Bulls$ per cwt · actual wt | ||||
| 1 | — | 1,250 | 63.00 | 63.00 |
| 1 | — | 1,985 | 101.00 | 101.00 |
| 4 | — | 1,749 | 81.00–86.00 | 82.68 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| 18 | — | 1,143 | 50.00–58.50 | 55.64 |
| 5 | — | 799 | 23.00 | 23.00 |
| 8 | — | 1,194 | 33.00–48.00 | 42.30 |
| 2 | — | 1,103 | 59.00–60.00 | 59.43 |
| Cows — Breaker 75-80%$ per cwt · actual wt | ||||
| 20 | — | 1,432 | 63.00–69.00 | 65.73 |
| 3 | — | 1,372 | 61.00 | 61.00 |
| 1 | — | 1,500 | 72.00 | 72.00 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| 11 | — | 1,462 | 60.50–63.00 | 60.97 |
| 1 | — | 1,380 | 57.00 | 57.00 |