North Dakota - ( Weekly Weighted Average ) - September 15, 2023

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Sell Market

Sell Weight

lbs

Sell Price

$/cwt

Sell Total

$/hd

Cost of Gain

$/lb

Fixed Cost

$/hd

Replacement Market

Relative Value $ Per Head $ Per CWT Display Weight Display Price Display Ranges

Bismarck, ND Fri Sep, 15 2023 North Dakota Weekly Cattle Auction Summary Feeder Cattle Weighted Average Report for 9/11/2023 Receipts: 5300 Last Week: 974 Last Year: 3936 Only 1 reported auction this week, compared with last week's very limited offering a complete price comparison not able to be made. Feeder steers and heifers sold with firm to higher undertones. Very active sale for this years anniversary BBQ sale. A very large offering of yearling steers and heifers off grass, the flesh condition as very light and attractive. Many long strings, including the feature consignment of 2000 steers and heifers from 1 outfit. Numerous full loads and multiple load lots allowing cattle buyers to make full feed yard pens of cattle from a single source. Demand was very good as cattle feeders are willing to chase the market in order to get their grass yearling cattle bought. Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 22 639 639 291.00 291.00 Thin Fleshed 8 646 646 282.00 282.00 74 690 690 273.00-283.00 282.19 7 715 715 273.00 273.00 Thin Fleshed 174 731-749 737 272.50-279.25 276.72 387 751-798 765 258.00-276.25 272.38 94 761-777 766 272.00 272.00 Thin Fleshed 406 824-847 835 250.00-263.00 258.03 839 854-898 882 240.50-253.75 250.35 355 910-939 923 236.00-250.50 245.22 357 952-990 970 235.75-241.75 238.71 Steers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 8 552 552 260.00 260.00 Fleshy 21 594 594 290.00 290.00 36 655-664 659 266.00-279.00 272.18 72 718 718 270.50 270.50 Fleshy 42 746-749 749 249.00-257.00 255.86 6 772 772 245.00 245.00 133 818-848 837 244.00-250.25 249.04 53 880 880 235.00 235.00 Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 7 631 631 259.00 259.00 57 660-668 665 255.00-262.00 259.32 203 702-744 730 245.00-259.00 251.54 220 752-783 759 235.00-248.00 243.80 501 803-843 831 237.00-247.00 240.01 342 856-891 874 226.00-245.00 234.23 258 912-946 933 223.00-237.00 231.49 67 970-983 973 226.50-230.50 227.34 Heifers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 13 576 576 257.00 257.00 19 600 600 268.00 268.00 11 732 732 240.00 240.00

Source: www.ams.usda.gov/mnreports/ams_2100.pdf

How To Use Market Reports

This is a calculator that retrieves the latest available market report for the specific location you are looking at. The chart will depict the total Relative Value between your Sell Market and what can be replaced with.

Sell Market

The first information to enter is the known information. We know what we have in inventory that can be sold, or we know what we have just sold.

The basis for the chart is the known information. You know what you have to sell, or have just sold.

Cost of Gain – This is what it costs for you to put on a pound of weight gain. These costs can include feed, yardage, interest, medicine, death loss, freight, etc.

Fixed Costs – This is for costs that do not scale with the total weight difference. These costs can include medicine, death loss, etc.

Tip! Remember that profit is a cost.

Replacement Market

The chart depicts the total Relative Value for each weight of the selected class of cattle against the Sell Market values. Points above zero are Over Valued, under zero are Under Valued, compared to the one just sold.

Show Weights – This will show the weight beside the point on the chart.

Show Ranges – If there is a weight and/or price range shown on the market report this will depict that as a shaded oval using the high/low ranges to calculate to range of the relative value.

Each point on the chart will also give you some quick information on the value of the trade.

Data

Weight –

$/cwt –

Total –

Condition – If any specific condition is noted in the Market Data Report it will also be noted here. If there is any noted condition for this weight it will not be included in the line shown on the chart.

Relative Value – The total Relative Value per head of the trade between Sell Market values and this purchase. Negative values are Under Valued, positive numbers are Over Valued.

Value of Gain – The relative Value of Gain per pound of the trade between Sell Market values and this purchase. Value of Gain numbers that exceed the Sell Market Cost of Gain will result in an over valued replacement.

Bid Threshold – The Bid Threshold is the maximum price per cwt that can be paid for this trade against the Sell Market Value without the Value of Gain exceeding the Sell Market Cost of Gain.

Report

The market report that is used to derive that data for the Value Chart.