Cattle Market Pulse

Mobridge Livestock Exchange (Thursday) Market Report

Mobridge, South Dakota · USDA-reported Auction Livestock

Sale of Thursday, November 16, 2023

5,106 head sold ·Official USDA report

This is an archived report. See the latest Mobridge Livestock Exchange (Thursday) report →

heavy 5-weight M&L 1 steers $284.73/cwt +8.69 vs last sale · ≈ $1,634/hd at 574 lb · 756 head
light 5-weight M&L 1 steers $303.15/cwt -4.96 vs last sale · ≈ $1,584/hd at 523 lb · 697 head
heavy 4-weight M&L 1 steers $312.82/cwt -22.94 vs last sale · ≈ $1,486/hd at 475 lb · 583 head
HeadThis saleLast saleLast year
Total receipts 5,106 5,331 7,134
Feeder cattle 5,106 5,331 7,134

Compared to last week: steers 400 to 499 lbs 10.00 to 15.00 lower, 500 to 649 lbs mostly steady. Heifers 400 to 449 and 500 to 549 lbs mostly steady, 450 to 499 lbs 2.00 to 5.00 lower. Moderate to good demand for calves today. All calves off the cow again this week, quite a few loads and many packages available. Flesh similar to last week, mostly light to moderate. More colored cattle featured this week and these continue to see discounts at times. More calves with complete preconditioning today. A moderate to active market seen for this offering. The futures looked to be rebounding at the start of the week only to lose over 3.00 today. With so much uncertainty in the market, buyers are more choosy then ever when selecting calves to put on feed. Harvest is still in progress but many will finish up this week. No feeder cattle sale next week due to Thanksgiving, next feeder cattle sale is Thursday, November 30. Happy Thanksgiving!!

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
366–397 384 46 329.00–354.00 $342.36 $1,315 -12.04
400–440 420 112 323.00–345.00 $334.82 $1,406 -16.00
458–497 475 583 306.00–320.00 $312.82 $1,486 -12.56
502–510 fancy 507 59 317.50–322.00 $320.11 $1,623 -5.70
507–545 524 638 283.00–307.50 $301.58 $1,580 +4.92
553–599 574 756 277.00–299.00 $284.73 $1,634 +8.69
603–648 621 309 269.00–290.00 $283.21 $1,759 +6.29
653–673 663 81 251.00–261.00 $255.54 $1,694 -4.46
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
310–346 340 32 327.50–330.00 $327.86 $1,115 +47.86
388–398 393 60 272.50–320.00 $312.75 $1,229 +37.19
408–426 413 66 301.00–315.00 $311.06 $1,285 -1.44
491–495 492 51 293.00–298.00 $294.77 $1,450 +41.89
519–545 538 62 266.00–274.00 $270.78 $1,457 -0.33
619 619 4 246.00 $246.00 $1,523 -4.85

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
323 323 26 298.00 $298.00 $963 -2.00
367 fancy 367 32 310.00 $310.00 $1,138
350–396 376 74 260.00–284.50 $274.84 $1,033 -2.68
419–448 431 225 278.00–295.50 $292.12 $1,259 +13.22
450–495 474 558 266.50–283.50 $272.48 $1,292 -5.38
501–548 525 429 255.00–279.00 $265.77 $1,395 +2.83
556–587 564 192 232.00–243.00 $240.33 $1,355 -23.58
571 571 51 272.75 $272.75 $1,557 +8.84
616–620 618 66 224.00–236.50 $231.49 $1,431 -2.73
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
340–344 343 15 275.00–280.00 $278.68 $956 +12.02
398 398 10 235.00 $235.00 $935 -31.00
401 401 7 271.00 $271.00 $1,087 +17.54
455–497 469 77 249.00–260.00 $253.12 $1,187 +15.79
514–544 528 121 236.00–248.00 $240.08 $1,268 +3.31

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What does "Medium and Large 1" mean?

USDA feeder grades describe frame size and muscle thickness, not quality of the individual animal. "Medium and Large" is the frame score; the number is muscle (1 = heaviest muscled). "Medium and Large 1–2" pens mix both muscle scores — common across the Southeast.

What is $/cwt?

Dollars per hundredweight — per 100 lb of animal. A 500-lb calf at $450/cwt brings 5 × $450 = $2,250. Lighter cattle usually bring more per cwt but less per head.

Why are some prices per head?

Bred cows, cow-calf pairs, and some replacement classes sell by the head, not by weight. We show those exactly as USDA reports them — a $/head figure is never converted into $/cwt on this site.

Where do these numbers come from?

From the USDA Agricultural Marketing Service's Livestock Market News — federal reporters at the sale. We publish each report in full and link the official USDA document at the top of the page.