A Market News Service for Livestock Auctions in South Dakota

The livestock industry is the largest immediate source of cash farm income in South Dakota. Auctions are an important market for the state\u27s livestock when one considers the number of animals sold by them or the proportion of farmers and ranchers who sell or buy livestock at auctions. The number of livestock sold through auctions has been increasing steadily through the years. The increase from 1938 to 1954 was 317 percent. Livestock producers and feeders place enough importance in market news reports to warrant establishing an auction market news service in South Dakota. Auction market news is reported by the federal government and state governments in several states