Sale reports / South Dakota / Herreid Livestock Market / 2024-08-23

Herreid Livestock Market

Feeder Cattle · Herreid, South Dakota · Fri, Aug 23
● Final13 lots reportedUSDA AMS · slug 2024
Receipts
1,426 head
▲ 417 vs last sale 1,009▼ 2,055 vs year ago 3,481 · −59.0%
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Reporter comment USDA

As filed

Compared to last week: Feeder steers 2.00 to 5.00 lower, except 850-900 lbs steady. Good demand for this nice offering of long strings of yearling steers and heifers, primarily offered in load lots and multiple load lots, a few packages and part loads offered as well. Flesh conditions ranged from light to moderate plus, and quality was attractive. The market was active as there was a lot of buying power in the seats, yet cattle feeders are becoming much more cautious in their approach to the market as the much lower outlook that the CME Live Cattle contracts are currently projecting is very concerning. Cash fed cattle continue to trade with a very strong positive basis, even though they traded lower again this week. Next feeder cattle auction will be in 2 weeks, Sept. 6, 2024.

Weight classPick one — the panels below update

Steers · summary 700–800 lb

Weighted average of every reported lot
700–800 lb steers averaged $262.47/cwt on 29 head. That ranks 1 of 16 comparable sales and sits −126.80 against this barn's trailing median of $389.27.
Average price
$262.47
29 head · 751 lb average
Value per head Derived
$1,971
Price × average weight ÷ 100
Grade differential Derived
—
single grade reported
vs the market
+16.19
vs SD average
+15.57 vs national

Price by quality 700–800 lb

Frame and muscle grade
Frame / muscleAvg wt$/cwt$/headHead
Medium and Large 1751262.471,97129
Only one grade was reported at this weight, so there is no spread to compute.

How it compared 700–800 lb

Same class and week · spot auction only
This sale29 hd
262.47
—
SD average2 barns · 97 hd
246.28
+16.19
National average148 barns · 7,155 hd
246.90
+15.57
This barn, trailing median16 sales
389.27
−126.80
A barn can sit above the state average at one weight and below it at another — check the class you actually sell.

This barn's trailing prices 700–800 lb

16 sales
439401363326median 389.2703/0604/1006/1210/0210/30
Steers 700–800 lb: high $424.78, low $339.75, median $389.27 across 16 sales. Sales under 10 head in this class are excluded, so a thin day cannot swing the median or the ranking.

Every lot

13 lots · USDA AMS · Herreid Livestock Market - Herreid, SD
Nothing removed and nothing rounded — the same lots as the USDA report, with per-head values added. Grouped by class and set lightest first; USDA files them in sale-ring order.
ClassWeightGrade / descriptionAvg wtPriceRangePer headHead
Feeder Cattle · Steers7 lots · lightest first
Steers700–750Medium and Large 1738270.00/cwt270.00–270.001,99310
Steers750–800Medium and Large 1758258.50/cwt258.50–258.501,95919
Steers850–900Medium and Large 1861247.80/cwt240.00–251.002,13456
Steers900–950Medium and Large 1941230.50/cwt230.50–230.502,16928
Steers950–1000Medium and Large 1978237.27/cwt236.75–239.752,321366
Steers1000–1050Large 11,027230.85/cwt228.25–232.002,371274
Steers1050–1100Large 11,095225.50/cwt225.50–225.502,469288
Feeder Cattle · Heifers6 lots · lightest first
Heifers500–550Medium and Large 1-2521281.00/cwt281.00–281.001,4647
Heifers550–600Medium and Large 1-2591261.00/cwt261.00–261.001,54311
Heifers750–800Medium and Large 1785242.50/cwt242.50–242.501,90414
Heifers800–850Medium and Large 1Thin Fleshed810237.00/cwt237.00–237.001,9204
Heifers800–850Medium and Large 1845230.50/cwt230.50–230.501,94866
Heifers900–950Medium and Large 1930224.42/cwt222.75–226.002,087127

This sale against other markets

South Dakota weighted averages
One sale is one barn on one day. The state ladder is every South Dakota auction USDA reported that week, weighted by head — the fairer test of whether a lot sold well.