Lot 35

South Dakota Cattlemen's Association - Presidents Auction
Live Event Started: 12/13/22 8:00 PM (CST)


Sold For $425.00

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STOCK UPDATE: Dow 30: 34,053.74 (-0.20); Nasdaq: 12,172.37 (-28.45); S&P 500: 4,167.40 (-12.36) (Stocks Rally Off Early Morning Lows)
ENERGY PRICES: Crude Oil: $74.67 (-1.21); Heating Oil: $2.802 (-0.0947); Natural Gas: $2.364 (-0.092) (Natural gas falls to new contract low)
U.S. EXPORT SALES: Corn sales up 75% (Best in 10 weeks); Beef at 25.5K mt (Sales over 25K metric tons back-to-back weeks)
DROUGHT MONITOR: We recently saw drought relief in California with a deluge of Atmospheric Rivers. We're now seeing drought relief in eastern Oklahoma and Texas with perilous ice storms. 61.59% of the contiguous U.S. in drought (D0-D4) this week, compared to 62.92% last week and 72.21% last year
U.S. CATTLE REPORT: April LC reach contract highs; Feeders up $2 since Monday after roller coaster week; Best 2 weeks for beef exports in 8 months; Drought improves, now 10% better than last year; Cattle inventory only under 90 million hd 3 times in 70 years
NATIONAL STEER TRACKER: The largest steer string sold on Thursday on the National Steer Tracker (700-899#) was 200 steers (727#) from Ogallala, Nebraska at $186.50. The average price for the top 10 steer strings sold on Thursday was $183.84 compared to $182.08 on Wednesday
OKC WEST: The largest string sold this week at OKC West was 130 steers (812#) at $181.75. The second largest string was 97 steers (798#) at $180.50
NATIONAL CATTLE TRACKER: The largest steer and heifer string sold on Thursday was 205 heifers (486#) from Ogallala, Nebraska at $228.00. The second largest string was 200 steers (727#) from Ogallala, Nebraska at $186.50
NATURAL GAS: Henry Hub drops 42 cents to $2.66
SHORT-RANGE WEATHER: Significant ice storm across the southern Plains and Mid-South to gradually end today
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