Alfalfa, premium, large squares brought $250. Alfalfa, supreme, large rounds brought $280.
Alfalfa, supreme, large squares brought $300. Drought conditions have expanded in parts of the state. The first cutting of alfalfa is complete and for the most part, the quality was good. Demand has been good for new crop hay, yet there is some resistance to price from dairy operators as lower milk prices are putting pressure on dairy margins. In South Dakota this past week, the USDA says alfalfa hay was steady. Medium and Large 1 feeder heifers 800 to 843 pounds brought $200.50 to $218 for an average price of $208.11. Medium and Large 1 feeder heifers 750 to 799 pounds brought $203 to $227.75 for an average price of $220.15. Medium and Large 1 feeder steers 864 to 893 pounds brought $216 to $223 for an average price of $219.18 and feeder steers 952 to 992 pounds brought $200 to $212.74 for an average price of $211.16. Feeder supply included 49% steers and 97% of the offering was over 600 pounds. Receipts were up on the week and down on the year. Quality was very attractive, demand was good, and the market was active. Flesh condition ranged from light grass-type cattle to heavier fleshed cattle coming out of grow yards. There were many long strings of yearling steers and heifers offered in load lots and multiple load lots. The USDA says demand was excellent and the red-hot fed cattle market is also helping push feeder cattle to record high prices. Southern live deals were at $184 to $191, mostly $185, about $7 to $8 higher than the prior week’s business.Īt the Mitchell Livestock Auction in South Dakota feeder steers and heifers were $10 to $20 higher. Live business in the North had a range of $189 to $191, $3 to $5 higher than the previous week’s weighted averages. There were a few deals that hit $304 in Nebraska. Business got underway on Tuesday, deals in the North were marked at mostly $300 dressed, $10 higher than the prior week’s weighted average basis. Live deals in Kansas were marked at $186. There was another light round of direct cash cattle trade that took place on Friday. August feeder cattle closed $.35 higher at $239 and September feeders closed $.22 higher at $241.70. August live cattle closed $.40 lower at $171.85 and October lives closed $.10 higher at $174.80. As cattle supply shrinks and packing capacity improves over the next few years, leverage for producers to dictate the market will continue to improve, says CattleFax.At the Chicago Mercantile Exchange, live and feeder cattle ended the day mixed, adjusting spreads. The leverage balance between packers and producers is still a major influence on fed cattle prices, and that market ripples down to the other markets such as feeder calves. Tops could be over $2,000 per head, depending on weather and location. Bred cows: They could average $1,850 a head, up $225 from last year.Cull cows: Even they are in high demand for their meat-grinding value, and could be in record price territory at $75 per cwt average, and $85 tops.Feeder calves: (550 pounds): $205 per cwt average for 2022, up $35 from last year.That’s $300 per head more than last year. Fed steers: $140 per cwt average for the year, with tops up to $155.Here’s what else CattleFax predicts for cattle price outlook in 2022. Much of that decline in numbers is attributable to lingering drought over the Great Plains, where 35% of the nation’s cow herd lives. The good times should last a while with a shrinking beef herd, according to the latest USDA report, which showed cow numbers declined last year to 30.1 million head. “We had record-high retail beef prices last year, along with record pounds of production.” “Beef demand is the highest in 33 years,” he said at the price outlook report. Now, beef producers have gained back most of that leverage, said Randy Blach of CattleFax this week. Markets Analysis Back to Markets Analysis.
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