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USDA IA & S MN Feeder Cattle Summary

USDA IA & S MN Feeder Cattle Summary 06/05 10:50 AMS_2808 MARS Missouri Direct Cattle Report Direct Livestock - Cattle-N/A,OK Livestock Weighted Average Report for 06/01/2026 - Final This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- FEEDER CATTLE(F.O.B.): 879 -------------------------------------------------------------------------------- No recent test for a comparison of feeder steers or heifers. Demand moderate to good. Cattle futures took a dive late last week and into Monday and then recovered some, followed by another sharp down day. Markets turned upward late in the week and have yet to look back. These kind of swings are making it difficult for buyers to price cattle and sellers to determine their values. Supply included: 100% Feeder Cattle (75.3% Steers, 24.7% Heifers). Feeder cattle supply over 600 lbs was 92%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2% shrink or equivalent, with a 8-18 cent slide > 600 lbs. and up to a 25 cent slide < 600 lbs. -------------------------------------------------------------------------------- FEEDER CATTLE -------------------------------------------------------------------------------- HEIFERS - Medium and Large 1-2 (Per Cwt/Estimate) Delivery Head Wt Range Avg Wt Price Range Avg Price -------- ---- -------- ------ ------------- --------- Current 217 620-641 632 356.68-361.54 358.56 STEERS - Medium and Large 1 (Per Cwt/Estimate) Delivery Head Wt Range Avg Wt Price Range Avg Price -------- ---- -------- ------ ------------- --------- Current 64 570 570 426.71 426.71 282 680-683 681 382.42-392.89 387.25 316 812 812 348.53 348.53
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is downgraded to sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 199,942 contracts as of June 2 and were net-sellers of 102,060 contracts during the CFTC reporting period as traders rapidly moved to secure profits on long positions amid a good start to the U.S. growing season in terms of weather.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 111,394 contracts as of June 2 and were net-buyers of 120,125 contracts through the CFTC reporting period. The July 2026 contract is priced 9 1/4 cents lower than the September 2026 contract, still among the highest degree of carry between the two contracts through their...

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Commentary

DTN Closing Livestock Comments

Weaker Tones Follow Livestock Complex through Monday's Close

Without greater fundamental support having developed throughout the day, traders kept the livestock contracts trading lower through Monday's end.

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