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USDA Worthing, SD Slaughter Cattle Auction

USDA Worthing, SD Slaughter Cattle Auction 04/16 12:35 AMS_2016 MARS Sioux Falls Regional Livestock Auction - Worthing, SD Sioux Falls Regional Livestock-Worthing,SD Livestock Weighted Average Report for 04/16/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ SLAUGHTER SHEEP/LAMBS 3079 3542 1947 SLAUGHTER CATTLE 556 764 886 SLAUGHTER GOATS 240 300 304 FEEDER SHEEP/LAMBS 211 150 258 Compared to last week: Slaughter steers and heifers 4.00 to 5.00 higher. Very good demand for this lighter offering of steers and heifers, the market was much more active than last week. Market ready supplies are limited and packers had to compete heavily to get cattle bought. Another day of good gains in the CME Live Cattle contracts helped to support the market. 2 full loads, balance part loads and stock trailer loads. Cattle remain very attractive as they are clean for this time of the year and are very well finished. Slaughter lambs under 100 lbs 20.00 to 50.00 lower, instances to 60.00 lower, over 100 lbs 10.00 to 20.00 lower except 100-110 lbs steady. Slaughter ewes steady to 5.00 lower. Feeder lambs sold much lower in a narrow comparison. Another very large offering of slaughter lambs, the market was not as active and demand was light to moderate for the lighter weight lambs as there has been such a large amount of those lambs offered in the last few weeks. Demand was a little better for the traditional weight lambs but still there was a lot of pressure on the market. 2 full loads of 155 lbs lambs offered. --------------------------------------------------------------- SLAUGHTER SHEEP/LAMBS --------------------------------------------------------------- BUCKS - 1-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 2 178-178 178 105-105 105 Average 11 216-245 224 85-120 106.33 Average 6 260-289 282 70-95 90.17 Average EWES - Good 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 13 126-141 135 120-135 129.13 Average Young 54 131-148 141 95-115 99.18 Average 14 150-180 164 125-130 126.53 Average Young 11 169-170 169 110-110 110 High 106 154-199 170 80-105 97.07 Average EWES - Good 4-5 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 15 193-196 194 120-120 120 High 19 190-197 196 80-90 81.53 Average 12 203-225 208 105-115 109.23 High 24 202-240 228 75-85 77.22 Average 12 288-288 288 110-110 110 High EWES - Utility 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 69 106-144 130 75-90 87.3 Average 18 132-132 132 115-115 115 Average Young 27 157-167 164 75-75 75 Average HAIR BREEDS - Choice 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 26 74-74 74 210-210 210 Average HAIR BREEDS - Choice and Prime 1-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 23 53-53 53 255-255 255 Average 33 61-67 66 230-240 234.92 Average 9 70-70 70 215-215 215 Average HAIR EWES - Utility 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 5 103-103 103 115-115 115 Average HAIR EWES - Utility and Good 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 5 151-151 151 115-115 115 Average WOOLED & SHORN - Choice and Prime 1-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 35 100-100 100 265-265 265 Average 60 117-117 117 209-209 209 Average 6 123-123 123 210-210 210 Average 35 138-138 138 182-182 182 Low 57 143-143 143 201-201 201 Average 724 153-165 154 155-174 171.72 Average 101 53-58 56 245-255 250.26 Average 305 60-69 65 215-270 244.28 Average 748 71-78 74 225-250 234.89 Average 201 82-89 87 240-255 247.92 Average 117 95-99 99 237.5-245 244.02 Average --------------------------------------------------------------- SLAUGHTER CATTLE --------------------------------------------------------------- DAIRY STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1496-1678 1548 185-193 187.48 Average DAIRY STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1423-1423 1423 173-173 173 Average DAIRY/BEEF HEIFERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 32 1408-1486 1428 212-213.75 213.29 Average 15 1494-1587 1525 212-214 212.69 Average Certified Prgms DAIRY/BEEF STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1451-1451 1451 212-212 212 Average 12 1455-1455 1455 211-212.5 211.88 Average Certified Prgms DAIRY/BEEF STEERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 9 1581-1581 1581 212.25-212.25 212.25 Average 4 1599-1599 1599 213-213 213 Average Certified Prgms HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 23 1360-1360 1360 218.25-218.25 218.25 Average Natural 32 1369-1457 1393 211-217.75 214.23 Average Certified Prgms 80 1371-1466 1429 214.5-216 215.21 Average STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 40 1389-1461 1439 215.75-217.25 216.18 Average 12 1487-1489 1488 217-217 217 Average Certified Prgms STEERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 9 1537-1537 1537 215.5-215.5 215.5 Average 21 1545-1681 1603 215.75-217 216.31 Average Certified Prgms 40 1653-1701 1659 213.75-215 214.84 Average Heavy Weight STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1381-1381 1381 218-218 218 Average Return to Feed --------------------------------------------------------------- SLAUGHTER GOATS --------------------------------------------------------------- BUCKS/BILLIES - Selection 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 1 100-100 100 260-260 260 Average BUCKS/BILLIES - Selection 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 2 155-155 155 170-170 170 Average 4 53-53 53 220-220 220 Average 6 69-69 69 235-235 235 Average 6 85-85 85 290-290 290 Average BUCKS/BILLIES - Selection 2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 1 245-245 245 195-195 195 Average KIDS - Selection 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 47 50-58 58 360-430 428.2 Average 33 63-68 64 375-425 409.16 Average 11 82-82 82 380-380 380 Average KIDS - Selection 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 9 21-21 21 410-410 410 Average 8 41-41 41 160-160 160 Average Pygmies 35 54-58 56 350-400 378.47 Average KIDS - Selection 2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 6 73-73 73 380-380 380 Average 10 96-96 96 305-305 305 Average NANNIES/DOES - Selection 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 6 121-145 125 120-150 125.8 Average 4 160-160 160 145-145 145 Average 2 203-203 203 125-125 125 Average 1 85-85 85 170-170 170 Average 1 90-90 90 155-155 155 Average NANNIES/DOES - Selection 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 13 112-144 132 130-135 133.36 Average 11 51-51 51 160-160 160 Average 2 80-80 80 135-135 135 Average NANNIES/DOES - Selection 2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 1 75-75 75 145-145 145 Average 1 95-95 95 165-165 165 Average NANNIES/DOES - Selection 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 4 91-91 91 110-110 110 Average NANNIES/DOES - Selection 3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 5 135-135 135 130-130 130 Average --------------------------------------------------------------- FEEDER SHEEP/LAMBS --------------------------------------------------------------- HAIR LAMBS - Medium 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 24 28-28 28 240-240 240 83 42-44 42 215-240 220.31 LAMBS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 34-34 34 240-240 240 Short Docks 6 36-36 36 275-275 275 102 41-49 48 230-280 263.77 91 65-65 65 240-240 240
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 219,843 contracts of corn as of April 22, a decrease of 14,339 contracts week over week as traders booked some profits on longs following a strong rally in corn price the prior week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net short position of 161,479 contracts as of April 22, a decrease of 17,620 contracts week over week. The May 2025 contract is priced 6 3/4 cents below the July 2025 contract, a slight narrowing in the spread from last week. DTN's National Corn Basis continued to climb over the past week to 33 cents under the July board, an improvement of 1 cent week over week.

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

There is no ceiling on cash as packers aggressively purchase cattle. They were short-bought and may remain that way as they may buy only what they need. Hog futures were mixed at the close Thursday as traders seemed uncertain of which way the market would move in the near term.

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