Cattle Market Pulse

Philip Livestock Auction Market Report

Philip, South Dakota · USDA-reported Auction Livestock

Sale of Tuesday, October 24, 2023

7,607 head sold ·Official USDA report

This is an archived report. See the latest Philip Livestock Auction report →

heavy 5-weight M&L 1 steers $286.04/cwt -24.93 vs last sale · ≈ $1,639/hd at 573 lb · 1,282 head
light 5-weight M&L 1 steers $305.97/cwt -6.11 vs last sale · ≈ $1,598/hd at 522 lb · 1,247 head
light 6-weight M&L 1 steers $275.12/cwt -18.02 vs last sale · ≈ $1,697/hd at 617 lb · 1,200 head
HeadThis saleLast saleLast year
Total receipts 7,607 5,753 0
Feeder cattle 7,607 5,753 0

Compared to last week Feeder Steers 350 to 450 15.00 to 20.00 lower, 450 to 500 8.00 to 12.00 lower, 500 to 550 4.00 to 8.00 lower, 550 to 700 10.00 to 15.00 lower, Feeder Heifers 350 to 450 8.00 to 12.00 lower, 450 to 550 6.00 lower, 550 to 800 8.00 to 10.00 lower. Good Demand for several long strings and many load lots and packages of Feeder Steers and Feeder Heifers. The Feeder Cattle Futures traded the day on expanded limits and was very volatile during the trading session but then settled with very little change. Today's market Activity displayed very similar action by starting strong becoming moderate during the later part of the morning then finishing on a Stronger, more Active Market. The Market volatility accounts for the broad trading ranges in some of today's classes of cattle, especially experienced in the 450 to 600 steer ranges. Nearly the entire Offering was Home Raised, Off the Cow, and had Spring and Fall Vaccinations. The Next Feeder Cattle Sale is October 31, Expecting 6,500 head.

New to these tables? Plain-English explainers ↓

Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
376–398 393 52 326.00–347.50 $329.86 $1,296 -35.42
402–446 419 251 314.00–335.00 $326.75 $1,369 -18.25
468 468 28 298.00 $298.00 $1,395 -41.95
451–495 472 426 304.50–342.00 $322.07 $1,520 -17.88
504–546 522 1,137 285.00–318.00 $304.08 $1,587 -8.00
524 fancy 524 110 325.50 $325.50 $1,706
550–599 573 1,282 263.00–304.50 $286.04 $1,639 -24.93
600–645 unweaned 617 1,200 258.00–287.00 $275.12 $1,697 -18.02
652–697 unweaned 677 141 257.50–270.00 $262.32 $1,776 -24.43
699 699 9 249.00 $249.00 $1,741
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
419–443 436 53 309.00–311.00 $310.21 $1,353
524–549 543 241 272.00–281.00 $280.31 $1,522 -15.02
559–588 567 41 269.00–271.00 $270.39 $1,533 -15.61
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
379 379 37 250.00 $250.00 $948 -55.00
491 491 39 240.00 $240.00 $1,178
725 725 6 213.00 $213.00 $1,544
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
528 528 11 272.00 $272.00 $1,436
826 826 7 234.00 $234.00 $1,933
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
468 468 9 292.00 $292.00 $1,367
578 578 8 252.00 $252.00 $1,457

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Medium and Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
358–385 374 52 283.00–293.00 $290.26 $1,086 -20.59
410–448 427 145 271.00–297.50 $283.11 $1,209 -60.89
464–496 489 324 265.00–290.00 $275.52 $1,347 -5.83
504–544 530 506 260.00–284.50 $276.66 $1,466 -5.93
559–598 580 386 254.00–266.00 $260.95 $1,514 -23.03
603–615 unweaned 607 249 250.00–259.00 $255.27 $1,549 -27.73
810 810 35 233.50 $233.50 $1,891
889 889 6 225.50 $225.50 $2,005
Medium and Large 2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
340 340 37 217.50 $217.50 $740 -65.50
450 450 55 235.00 $235.00 $1,058
684 684 6 220.00 $220.00 $1,505
Medium 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
540 540 31 262.00 $262.00 $1,415
Large 1 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
545 545 28 255.00 $255.00 $1,390 -7.00
Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
512 512 8 224.00 $224.00 $1,147
Medium and Large 1-2 ($/cwt)
Weight (lb) Avg wt Head Price range Avg $ ≈ $/hdΔ last sale
717 717 7 235.50 $235.50 $1,689

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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.