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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 08/07 12:10 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 08/07/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2233 3500 1724 First reported feeder sale in a month so an accurate price trend can not be established. Today's sale featured three strings of steers off grass and a handful of loads and packages out of yards. Good to very good demand for cattle off grass, these attractive steers carried light to moderate flesh. Moderate to good demand for yard cattle, flesh condition on these mostly moderate plus to heavy. An active market for cattle off grass with buyers taking multiple loads to fill pens, a more moderate market on yard cattle. The recent uncertainty of the futures complex is causing quite a bit of concern in the industry. Much of this area remains dry and July was very hot, grass and crops are suffering and in desperate need of moisture. Watch local listings for the next feeder cattle sale. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 61 1052-1077 1075 305.25-322.5 306.63 49 1098-1098 1098 294.25-294.25 294.25 Fleshy STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 91 832-849 844 357-360.75 359.61 188 858-873 867 360.75-360.75 360.75 691 915-942 926 344.5-347.25 345.04 791 953-999 981 331-337 334.03 51 998-998 998 295-295 295 Fleshy
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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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