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USDA Mitchell, SD Wtd Averages

USDA Mitchell, SD Wtd Averages 08/27 12:35 AMS_2022 MARS Mitchell Livestock Auction - Mitchell, SD Mitchell Livestock Auction-Mitchell,SD Livestock Weighted Average Report for 08/27/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 574 1676 752 Compared to a week ago: Due to the uncertainty of the beef market some of the consignors canceled for today. Trend not applicable. A higher undertone was noted on lighter steers, Steers 1000-1050 lbs. were 2.00 higher. A unevenly steady undertone was noted on heifers. Demand was good. Most lots were in big numbers today. The next feeder cattle auction will be Sept. 3rd, starting at 10:00 am. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 469-469 469 385-385 385 4 538-538 538 402.5-402.5 402.5 14 707-707 707 334-334 334 HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 1214-1214 1214 214-214 214 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 14 610-610 610 342-342 342 11 662-662 662 352.5-352.5 352.5 6 727-727 727 330-330 330 6 767-767 767 320-320 320 5 981-981 981 289-289 289 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 698-698 698 327-327 327 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 241 1003-1043 1016 294-302.25 299.64 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 706-727 714 379-383 381.37 5 752-752 752 362-362 362 28 883-883 883 328.5-328.5 328.5 116 977-977 977 313.75-318 315.66 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 634-634 634 380-380 380
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Market Strategies

CORN Strategies Snapshot

TREND: The trend in most active corn futures is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 302,142 contracts as of August 18, and were net-buyers of 57,230 contracts during the CFTC reporting period as traders returned as avid buyers amid lower yield ideas following the August WASDE and mid-August Midwest crop tours.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 245,600 contracts as of August 18, and were net-sellers of 47,472 contracts through the CFTC reporting period. The September 2026 contract is priced 24 3/4 cents lower than the December 2026 contract, weakening through the week to the highest degree of carry between...

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Commentary

DTN Ag Host Midday Livestock

DTN Ag Host Midday Livestock

The livestock complex is trading mostly lower into midday Friday as it's simply been a disappointing week where not enough fundamental support has appeared. Some light cash cattle trade is developing in the South at $222, which is $3.00 lower than last week's weighted average.

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