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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 11/05 00:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 11/04/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 6703 7699 4888 Compared to last week Feeder Steers 400 to 500 5.00 to 15.00 higher, 500 to 700 15.00 to 20.00 higher, Feeder Heifers 500 to 650 5.00 to 15.00 higher, 650 to 700 20.00 higher. Good Demand for Several Long Strings and Many Load Lots, Part Loads, and Packages of Feeder Steers and Feeder Heifers which sold on a Moderate Market at first but Strengthened to an Active to Very Active Market as the sale progressed, despite the Futures Contracts Closing significantly lower after yesterday's Close in the Green. Overall there was a much more optimistic attitude by both buyers and sellers as compared to last week. The entire Offering came off grass and straight off the cow and carried Light to Moderate Flesh. The presentation was very attractive with many reputation cattle in the Offering. All the Spring Calves were fully vaccinated with shots both Spring and Fall. The Next Feeder Cattle Sale is November 11, expecting 7,000 head. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 14 590-590 590 343-343 343 12 650-650 650 330-330 330 HEIFERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 18 621-621 621 315-315 315 HEIFERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 647-647 647 352.5-352.5 352.5 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 43 363-399 390 470-505 482.16 343 408-449 441 425-493 471.45 339 454-497 482 421-481 456.6 100 517-517 517 469-469 469 Replacement 338 501-548 521 392.5-452.5 423.33 631 555-598 565 376-425 410.69 51 609-628 620 340-372.5 352.52 95 627-627 627 433-433 433 Replacement 288 660-679 670 362.5-381 378.69 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 368-368 368 475-475 475 8 401-401 401 450-450 450 38 480-480 480 390-390 390 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 495-495 495 462.5-462.5 462.5 8 526-526 526 437.5-437.5 437.5 29 587-587 587 392.5-392.5 392.5 15 691-691 691 350-350 350 STEERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 25 473-476 475 410-427.5 416.27 27 549-549 549 412.5-412.5 412.5 7 584-584 584 414-414 414 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 431-431 431 475-475 475 11 517-517 517 437.5-437.5 437.5 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 52 356-396 367 515-550 547.09 10 418-418 418 460-460 460 Full 61 420-447 438 485-555 515.06 273 451-490 463 472.5-549 526.7 421 509-548 524 458-516 498.09 916 553-599 575 422.5-470 446.24 735 601-645 618 395-445 427.31 694 652-693 670 390-430.5 414.91 416 712-741 720 391-413 403.38 8 833-833 833 350-350 350 Full STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 344-344 344 530-530 530 10 431-431 431 432.5-432.5 432.5 72 503-542 516 427.5-435 432.9 25 671-671 671 340-340 340 STEERS - Medium and Large 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 435-435 435 410-410 410 40 512-512 512 365-365 365
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for December corn is revised to sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,186 contracts as of September 23, an increase of 15,017 contracts during the CFTC reporting period as traders turned to selling amid technical pressure in the corn market.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 79,646 contracts as of September 23, the most recent CFTC report. The December 2025 contract is priced 12 1/2 cents lower than the March 2026 contract, another 1 1/4 cents firmer this week on thoughts of lower than expected U.S. yields and extremely strong nearby demand. DTN's National Corn Index implies a corn basis of 37 cents under the...

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Commentary

DTN Ag Host Midday Livestock

DTN Ag Host Midday Livestock

The livestock complex is trading mostly lower into midday Wednesday, with not enough fundamental support being noted in the hog complex, and too much fear and anxiety being in the cattle sector. Some light cash cattle trade has developed, but with the boards' downturn, prices could soften.

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