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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 11/13 15:20 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 11/13/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 3277 3690 4892 Compared to last week: best test on yearling steers 900 to 949 lbs 8.00 to 10.00 higher, yearling heifers not well compared. Too light a calf offering last week to develop an accurate price trend, higher undertones noted on calves. Good to very good demand for both yearlings and calves today. A few yearlings still coming off grass in light flesh, yearlings out of lots in moderate plus to heavy flesh. A few more plain quality yearlings on offer as most producers are getting to the end of their supply. A nice offering of calves today, all off the cow. Quite a few loads and many packages to choose from with flesh condition ranging from light to moderate plus. Most calves had at least one round of shots and many were fully preconditioned. More attractive quality calves overall than seen last week. An active market and a much better attitude than seen last week as the futures complex had a positive week giving evryone a little bit of hope. Next feeder cattle sale is Friday, November 20. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 321-321 321 507.5-507.5 507.5 23 395-395 395 490-490 490 93 422-422 422 481-481 481 Thin Fleshed 22 428-434 431 425-451 436.73 49 467-495 477 420-451 440.37 19 491-491 491 400-400 400 Fleshy 91 507-507 507 425-425 425 Replacement 51 506-534 515 383-402.5 394.5 50 562-577 564 379-400 381.15 25 624-624 624 363-363 363 100 666-674 673 341-363 360.39 8 714-714 714 340-340 340 24 776-776 776 330-330 330 12 827-827 827 337.5-337.5 337.5 60 862-862 862 319.5-319.5 319.5 57 940-940 940 316-316 316 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 12-12 12 464-464 464 13 400-400 400 405-405 405 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 54 1004-1004 1004 319-319 319 58 1058-1058 1058 308.5-308.5 308.5 48 1118-1118 1118 285-285 285 97 1160-1190 1175 274.5-279.75 277.12 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 38 305-349 334 599-630 608.09 43 364-368 368 591-596 591.46 65 401-448 445 495-536 533.73 467 458-479 467 500-526 521.63 40 510-517 512 445-490 473.09 229 555-593 567 423-460 448.65 64 610-615 612 412-415 413.37 97 670-678 677 372-391 387.9 106 725-744 741 371.5-373 371.76 15 779-779 779 362.5-362.5 362.5 187 887-895 890 339-340 339.33 67 929-938 937 326-339.5 337.3 333 957-992 968 317-338.5 331.85 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 17 401-440 431 455-495 463.76 19 493-498 496 405-440 417.81
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Market Strategies

CORN Strategies Snapshot

TREND: The trend in most active corn futures is considered sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 137,595 contracts as of Nov. 3, net-sellers of 63,677 contracts as traders reduced their net-length from early September by 75% as of the most recent CFTC report.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 137,516 contracts as of Nov. 3, and were net-buyers of 52,161 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/2 cents lower than the March 2027 contract, weakening (more carry) slightly through the week but in an overall strengthening trend since early August. National average corn basis firmed...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a successful week for the livestock contracts! All three of the livestock markets ended the week Friday afternoon in a better position than what the market opened at on Monday morning -- praise God!

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