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USDA Mitchell, SD Wtd Averages

USDA Mitchell, SD Wtd Averages 01/29 19:00 AMS_2022 MARS Mitchell Livestock Auction - Mitchell, SD Mitchell Livestock Auction-Mitchell,SD Livestock Weighted Average Report for 01/29/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 4121 3777 3925 Compared to two weeks ago: Feeder steers 700 lbs. and up sold steady to 4.00 higher. A higher undertone on heifers up to 650 lbs. heifers 650-850 lbs. sold 2.00-5.00 higher. Demand was fair. Had fair amount of large load lots. The next feeder cattle auction will be Feb. 5th, expecting 4000 head of feeders, starting at 8:30 am. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 63 1021-1021 1021 285.75-285.75 285.75 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 318-318 318 595-595 595 14 409-431 420 487.5-521 504.69 12 450-496 485 480-515 488.13 13 504-515 510 453-479 464.86 85 557-591 571 420-452.5 430.3 41 588-599 598 401-402.5 401.11 Fleshy 79 602-641 631 379-394 385.95 13 636-636 636 377-377 377 Fleshy 27 651-673 658 358-378 371.18 Fleshy 323 658-699 673 367-397.5 383.66 217 703-749 728 335.5-369 359.43 82 754-754 754 374-374 374 Replacement 228 752-787 767 328.5-366 348.21 14 792-792 792 324-324 324 Fleshy 124 805-845 822 325.5-337 333.19 87 874-898 880 310.5-315.75 314.4 87 901-927 906 306-311.75 310.73 36 912-948 945 279.5-281 279.62 Fleshy HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 3 473-473 473 450-450 450 22 524-548 541 420-439 428.24 38 562-589 578 390-415 405.13 4 605-605 605 422.5-422.5 422.5 14 690-690 690 367-367 367 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 1041-1041 1041 324.5-324.5 324.5 25 1056-1056 1056 321.75-321.75 321.75 64 1122-1122 1122 306.5-306.5 306.5 STEERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 1001-1001 1001 305-305 305 7 1088-1088 1088 309-309 309 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 385-385 385 595-595 595 16 422-440 433 560-595 568.23 31 510-546 527 485-512 496.5 30 559-582 564 442.5-483 478.59 88 612-643 624 438-458 452.72 280 659-697 681 399-439 415.77 147 701-748 730 383-407 394.84 394 755-791 771 362-392 385.75 59 795-797 796 355-375 360.91 Fleshy 331 804-848 822 350-380 367.27 20 833-836 835 345-349 346.4 Fleshy 104 852-866 858 349.5-361 354.59 47 882-891 889 337-344 341.7 Fleshy 297 905-936 923 336.5-353 348.11 31 929-929 929 328-328 328 Fleshy 208 953-989 975 319-343 331 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 3 337-337 337 566-566 566 3 382-382 382 560-560 560 8 496-496 496 495-495 495 31 522-544 536 462.5-492 472.55 25 560-586 572 442.5-460 450.97 64 616-624 623 430-437 436.46 3 638-638 638 420-420 420 Thin Fleshed 9 661-661 661 421-421 421
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for March corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 34,698 contracts as of Feb. 3, and were net-sellers of 3,027 contracts during the CFTC reporting period after prices hit technical resistance the previous week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 52,916 contracts as of Feb. 3, and were net-buyers of 225 contracts through the CFTC reporting period. The March 2026 contract is priced 8 1/2 cents lower than the May 2026 contract, slightly wider (more carry) through the week. National average corn basis firmed 2 cents through the week to 32 cents under the March board.

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex closed on opposite ends, with the cattle complex receiving additional technical support that drove the cattle contracts higher, but the lean hog complex continued to drift lower through the day's end.

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