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USDA Mobridge, SD Fdr Cattle Wtd Avg Report

USDA Mobridge, SD Fdr Cattle Wtd Avg Report 05/01 12:40 AMS_2025 MARS Mobridge Livestock Exchange (Thursday) - Mobridge, SD Mobridge Livestock Exchange-Mobridge,SD Livestock Weighted Average Report for 05/01/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1416 1405 857 Different weight classes than last week so an accurate price trend can not be established, lower undertones noted on 800 to 849 lbs. Today's offering was one long string of backgrounded black steers from one family operation, the same operation as last week. These attractive cattle were met with very good demand with best demand seen for the lightest load which had the potential to go to grass. Flesh condition the same as last week, moderate to moderate plus. An active market with buyers taking multiple or all loads of one cut to fill pens quickly. This area received much needed moisture at the beginning of the week, and combined with warmer temps, has given the grass a nice start. Mostly small grain in the ground so far with most farmers just getting a good start on corn. No sale next week due to construction projects, watch local listings for the next feeder cattle sale. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 14 525-525 525 341-341 341 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 560-560 560 365-365 365 78 749-749 749 332.5-332.5 332.5 585 822-846 838 307.5-307.5 307.5 65 852-852 852 307.5-307.5 307.5 499 914-948 930 284-286.5 286.18
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 175,429 contracts of corn as of April 29, a decrease of 44,414 contracts week-over-week as traders have returned to liquidating long positions over the past two weeks.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 128,654 contracts as of April 29, a decrease of 32,825 contracts week-over-week. The July 2025 contract is priced 29 1/4 cents higher than the September 2025 contract, a spread that weakened over the past week. DTN's National Corn Basis continued to climb over the past week to 30 cents under the July board, an improvement of 3 cents week-over-week.

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a fruitful day for the livestock complex as all three of the markets ended the day stronger. It was especially a big-hitting week for the cattle complex as traders pushed the contracts higher through Friday's close thanks to the added support of yet-again record-breaking cash cattle prices.

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