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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 06/13 13:15 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 06/13/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1932 1374 0 Different weight classes today than at the last feeder cattle sale two weeks ago so an accurate price trend can not be established. Very good demand for today's offering of steers and heifers including a long string of spayed heifers. Most of the cattle sold in loads and strings and were in moderate to moderate plus flesh with some heavy flesh at times. Many attractive cattle to choose from, quite a few of which were meant for grass but gained too well over the winter to turn out this spring. An active market with buyers buying multiple loads to fill pens on many occasions. Widespread rain yesterday and today with many chances of rain forecasted for the next week. Grass and crops conditions look very good but some areas are still struggling with water in pastures as the fall and winter were too dry. Watch local listings for the next feeder cattle sale. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 109 1017-1018 1017 286.5-286.5 286.5 52 1106-1107 1107 240-240 240 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 400-400 400 397.5-397.5 397.5 56 849-849 849 285-285 285 173 863-879 873 285-286 285.35 60 946-946 946 278.5-278.5 278.5 231 965-992 975 276.25-279.5 278.12 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 173 1004-1018 1007 288-288 288 246 1060-1073 1067 281.75-281.75 281.75 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 415-415 415 440-440 440 4 706-706 706 331-331 331 114 806-829 818 325-330.5 328.8 210 921-948 940 294.5-296.25 295.68 265 970-985 978 293-295.5 294.02 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 677-677 677 320-320 320
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is down.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 95,494 contracts as of June 10, an increase of 14,435 contracts as solid crop conditions and friendly weather kept sellers active during the CFTC reporting period.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 114,551 contracts as of June 10, an increase of 9,826 contracts, week-over-week. The July 2025 contract is priced 16 cents higher than the September 2025 contract, a spread that strengthened significantly over the past week. DTN's National Cash Index indicated that corn basis firmed over the most recent week to 22 cents under the July board, an improvement of 1 cent on the...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

Tuesday's market ended up being a swing and a miss for the livestock complex, as all three markets rounded out the day lower. Traders are continuing to stress over the idea that the markets are overbought and that it may be time for a correction.

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