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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 07/18 12:50 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 07/18/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2054 3941 0 First reported sale in recent weeks so an accurate price trend can not be established, higher undertones noted on steers. Very good demand for cattle today. Most of this offering sold in string and loads and came out of yards. Flesh varied, but mostly moderate to moderate plus with some heavy flesh at times. Most cattle were average to attractive in quality. An active market with most of the usual crowd of order buyers and a few internet buyers, quite a few opportunities to buy multiple loads of the same weight cattle which buyers took advantage of. Rain has been spotty in this area and its getting dry although crop and grass conditions still look good this week due to cooler weather. Next feeder cattle sale is Friday, July 25. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 623-623 623 342-342 342 33 688-694 691 331-343 336.84 10 797-797 797 302-302 302 Fleshy 67 813-835 818 299-300 299.76 67 871-871 871 314-314 314 Thin Fleshed 84 894-899 898 273-286.25 283.42 61 912-912 912 298-298 298 61 999-999 999 270-270 270 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 26 813-813 813 273-273 273 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 272 1019-1036 1027 300.75-300.75 300.75 479 1063-1097 1084 281.5-289.5 287.49 104 1100-1104 1102 288.5-288.5 288.5 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 820-820 820 327-327 327 825 852-889 886 322-329.25 329.12 135 913-943 929 296-314.5 311.02 60 968-968 968 295.75-295.75 295.75 Fleshy 178 956-983 973 314.5-318 316.9 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 737-737 737 304-304 304
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for September corn is down.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 129,457 contracts as of July 15, a decrease of 12,305 contracts as traders reversed recent selling activity in light of the bullish July 11 WASDE report from USDA.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 157,267 contracts as of July 15, a decrease of 8,397 contracts week-over-week. The September 2025 contract is priced 18 3/4 cents lower than the December 2025 contract, a spread that widened moderately over the past week. DTN's National Cash Index indicated corn basis improved slightly over the last week, firming one cent to 12 cents under the September board.

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

New highs were made across the cattle complex Monday with no sign of slowing down. Price weakness has been a buying opportunity. Fund traders continue to add to their long positions. Hog futures struggled during the day but managed to close with minor gains.

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