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USDA IA & S MN Feeder Cattle Summary

USDA IA & S MN Feeder Cattle Summary 08/07 11:30 MARS -, Livestock Weighted Average Report for - This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- N/A(): -------------------------------------------------------------------------------- Feeder steers and heifers not established again this week. High heat and humidity were part of the problem for limited numbers, however continued good prices for a while now has brought cattle to market early and this is finally catching up. Numbers at many auctions, videos etc. are running very light. Temperatures have finally cooled some in the upper Midwest with some rain showers but the South continues to cook under the heat dome.
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Market Strategies

CORN Strategies Snapshot

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

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 255,068 contracts as of Aug. 4, and were net-buyers of 748 contracts during the CFTC reporting period as traders continued to hold a bullish price outlook for late summer with conditions across the U.S. Corn Belt turning hot and dry through the second half of July.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 208,345 contracts as of Aug. 4, and were net-sellers of 4,414 contracts through the CFTC reporting period. The September 2026 contract is priced 23 cents lower than the December 2026 contract, steady through the week but still among the...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex ended the day mixed, with the cattle contracts able to end the day mostly higher, but only the lean hog nearby contracts ended the day stronger. Some light cleanup trade was noted throughout the day in the cash market, but prices held steady with the week's weighted average.

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