Weekly Summary, South Dakota

Compared to last week: Feeder steers and heifers 5.00 to 10.00 lower, instances of 15.00 to 20.00 lower. Good demand yet for steers and heifers but there is a lot of uncertainty in the marketplace currently, and that led to a lower feeder cattle market. Cash fed cattle have slipped down to 235.00-237.00, which is the opposite direction cattle feeders were expecting this spring as they have historically seen the market make it's yearly high in the spring. With the outside market pressure as well, cattle feeders were determined to buy cattle lower.

Receipts