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USDA IA Fdr Cattle Wkly Wtd Av

USDA IA Fdr Cattle Wkly Wtd Av 04/01 08:05 AMS_2167 MARS Iowa Weekly Cattle Auction Summary -, Livestock Weighted Average Report for 03/23/2026 - Final Summary This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 7289 4303 8577 SLAUGHTER CATTLE 1382 651 1111 For the week steers less than 750 lbs sold unevenly steady, over 750 lbs sold 7.00 to 10.00 lower except a flat 9 weight sold steady. Heifers less than 700 lbs sold 8.00 to 10.00 lower over 700 lbs sold 2.00 to 3.00 lower. Slaughter steers sold 2.00 lower and heifer sold 7.00 lower. Slaughter cows sold 1.00 to 3.00 higher and bull steady. Demand was moderate to good. This time of year a wide variety of kind and type comes through the auction as some cattlemen are cleaning the pens before they start field work. This week saw bawling and weaned fall calves and yearling feeders with a large weight spreads and different frame and muscle scores --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 357-357 357 530-530 530 Unweaned 3 376-376 376 570-570 570 6 410-410 410 475-475 475 Unweaned 8 484-484 484 457.5-457.5 457.5 Unweaned 3 486-486 486 466-466 466 6 554-554 554 405-405 405 Unweaned HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 1208-1208 1208 230-230 230 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 1053-1053 1053 298-298 298 3 233-233 233 610-610 610 4 261-261 261 640-640 640 Unweaned 5 268-295 279 585-620 605.19 24 327-339 336 507.5-595 567.17 14 344-344 344 540-540 540 Unweaned 28 350-392 368 507.5-592.5 551.22 70 411-448 428 457.5-526 502.2 97 452-496 481 455-500 483.37 119 500-542 526 410-462.5 440.11 323 554-597 572 350-450 422.61 151 608-648 628 354-413 387.42 252 653-698 673 355-398 371.29 463 701-749 722 310-375 360.12 361 761-794 779 288-360 342.11 134 815-847 831 295-355.25 333.01 91 853-874 872 320-330 322.41 48 927-945 934 302-309 306.14 31 953-953 953 291.5-291.5 291.5 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 342-342 342 527-527 527 23 376-390 379 460-533 516.14 5 425-425 425 465-465 465 16 468-489 480 420-460 442.07 12 503-519 514 401-424 408.51 26 575-586 583 381-403 387.66 6 603-603 603 365-365 365 7 726-726 726 349-349 349 8 759-759 759 330-330 330 28 926-943 937 275-286 282.66 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 84 1024-1026 1026 304-318.25 316.73 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 2 225-225 225 610-610 610 4 305-332 325 550-600 588.28 11 326-326 326 620-620 620 Unweaned 52 350-396 373 575-612.5 599.26 12 350-392 382 530-550 534.59 Unweaned 79 413-448 430 525-595 572.93 90 451-495 474 520-582.5 541.84 4 475-475 475 457.5-457.5 457.5 Unweaned 180 511-549 533 470-540 500.82 196 551-598 575 450-537.5 478.1 9 584-584 584 467-467 467 Unweaned 340 600-643 618 429-480 453.59 350 656-699 679 385-447 418.45 200 706-743 722 369-418 398.27 3 756-756 756 366-366 366 Unweaned 348 751-797 771 360-390.5 374.54 382 802-847 824 342.5-376.5 365.49 13 856-856 856 330-330 330 Fleshy 539 852-889 864 337.75-356.25 350.47 564 904-948 926 317-350.5 341.93 49 965-978 973 327.5-327.5 327.5 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 473-473 473 502-502 502 3 573-573 573 452.5-452.5 452.5 15 601-625 620 375-446 432.24 5 703-703 703 345-345 345 Unweaned 3 707-707 707 360-360 360 26 751-777 756 340-376 361.72 3 980-980 980 290-290 290 --------------------------------------------------------------- SLAUGHTER CATTLE --------------------------------------------------------------- BEEF/DAIRY HEIFERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1290-1510 1380 235-238 236.09 Average BEEF/DAIRY STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 8 1450-1781 1690 235-239 237.36 Average BEEF/DAIRY STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 4 1305-1305 1305 218-218 218 Average Return to Feed BULLS - 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 2 930-1185 1058 167.5-262.5 209.27 Average Light Weight 2 1595-1955 1775 100-165 129.2 Low 14 1500-2295 1862 180-212.5 202.49 Average 14 1585-2325 2025 217-284 242.01 High COWS - Boner 80-85% (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 5 810-1360 1058 22.5-247.5 158.61 Average Light Weight 38 1015-1380 1209 160-250 193.38 Average Return to Feed 31 1050-1765 1334 155-172.5 161.19 Average 8 1295-1555 1436 130-150 144.23 Low COWS - Breaker 75-80% (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 32 1225-1510 1352 166-219 183.53 Average Return to Feed 5 800-1850 1497 140-159 149.28 Low 12 1315-1685 1502 182-198 186.68 High 45 1200-2045 1531 163-182.5 171.4 Average COWS - Lean 85-90% (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 17 1005-1450 1191 120-155 142.16 Average 3 1295-1340 1315 157-157.5 157.33 Average Return to Feed 9 725-985 895 122.5-165 144.64 Average Light Weight DAIRY HEIFERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1598-1598 1598 226-226 226 Average DAIRY HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1420-1738 1632 213-221 215.32 Average DAIRY HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1448-1540 1493 208-209 208.72 Average DAIRY STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 15 1284-1436 1395 207-220 216.81 Average Return to Feed 52 1325-1790 1630 220-230 226.4 Average DAIRY STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 6 1302-1367 1335 205-220 212.68 Average Return to Feed 18 1385-1933 1630 206-219 214.2 Average HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 16 1233-1548 1305 236-241.75 237.11 Average Certified Prgms 335 1210-1600 1418 226-244 236.81 Average 2 1495-1495 1495 238-238 238 Average Natural 9 1665-2165 1896 190-239 208.07 Average Heavy Weight HEIFERS - Select 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 6 1025-1242 1133 190-230 212.21 Average Return to Feed HEIFERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 35 1120-1660 1334 230-239 236.43 Average HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 8 990-1170 1107 220-240 225.17 Average Return to Feed 27 1135-1355 1262 221-233 231.61 Average 3 1457-1457 1457 230-230 230 Average Certified Prgms 5 1652-1655 1653 225-231 227.4 Average Heavy Weight STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 78 1275-1592 1419 228-241.5 234.17 Average 6 1484-1484 1484 237-237 237 Average Certified Prgms 9 1676-1676 1676 231.5-231.5 231.5 Average Heavy Weight STEERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 98 1255-1670 1533 239-244.5 241.08 Average 21 1701-1925 1747 223-242.25 238.07 Average Heavy Weight STEERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 32 1505-1590 1544 234.5-240 235.95 Average 2 1628-1628 1628 241-241 241 Average Natural 62 1600-1810 1665 231.5-242 238 Average Heavy Weight 32 1604-1738 1684 240-242.25 240.86 Average Certified Prgms STEERS - Select 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 1 1045-1045 1045 242-242 242 Average Return to Feed STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1085-1330 1275 225-237 232.96 Average Return to Feed 4 1310-1310 1310 226-226 226 Average Certified Prgms 64 1167-1656 1418 225.5-239.5 234.73 Average STEERS - Select and Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 13 1559-1583 1565 231-233.75 233.04 Average 7 1641-1641 1641 233.75-233.75 233.75 Average Heavy Weight
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for May corn is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 375,360 contracts as of March 24, and were net-buyers of 63,018 contracts during the CFTC reporting period as prices rallied on bullish influence from energy markets due to the ongoing war in the Middle East.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 314,222 contracts as of March 24, and were net-sellers of 58,599 contracts through the CFTC reporting period. The May 2026 contract is priced 11 3/4 cents lower than the July 2026 contract, widening (more carry) through the week, and still among the highest degree of carry between the two contracts...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

Livestock futures started the Thursday session with very limited interest, allowing prices to hold limited gains in cattle futures through early hours of trade, but softness developed in feeder cattle and lean hog trade during late morning trade.

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