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USDA Bassett, NE Weighted Average

USDA Bassett, NE Weighted Average 05/07 16:45 AMS_1852 MARS Bassett Livestock Auction - Bassett, NE Bassett-Bassett,NE Livestock Weighted Average Report for 05/07/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 4063 4570 1840 Compared to two weeks ago, steers less than 650 lbs sold 8.00 to 10.00 lower, 650 to 850 lbs sold 5.00 to 8.00 higher and over 850 lbs sold steady to 4.00 lower. Most heifers sold 4.00 to 9.00 higher except 550 to 650 lbs sold 4.00 lower. Demand was good from start to finish. Quite a few order buyers on the seats with very active buying from the internet on the lightweight cattle. Sale comprised of mostly yearling cattle with some bawling and weaned fall calves in the run. Some of Wednesday's lightweight cattle that were slated to go to summer grass and usually sell on the annual BBQ auction in July. However, due to the dry range conditions in the trade area cattle made their way to the auction on Wednesday. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 25 655-655 655 291-291 291 19 702-702 702 286-286 286 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 13 420-423 421 395-400 396.55 36 467-480 472 380-399.5 391.83 85 502-535 518 362.5-395 377.56 93 572-595 580 326-347.5 337.72 40 601-622 605 320-322 321.47 321 666-693 680 290.5-337.5 326.39 31 725-726 725 298.5-302 299.86 346 754-779 762 286-306 303.28 60 816-816 816 289.5-289.5 289.5 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 480-480 480 350-350 350 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 53 1046-1046 1046 261.5-261.5 261.5 10 688-688 688 323-323 323 21 920-920 920 274-274 274 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 69 1012-1027 1024 268-274.5 273.2 147 1073-1073 1073 261.5-261.5 261.5 9 355-373 365 512.5-522.5 516.82 5 410-410 410 497.5-497.5 497.5 61 457-479 476 432.5-437 436.06 130 523-546 538 387.5-404 400.66 180 570-599 594 372.5-389 374.7 375 603-641 637 350-368 362.71 447 650-699 686 337.5-355 343.71 171 710-722 720 317-335 332.21 96 777-787 785 307.5-315 313.69 65 815-815 815 308.25-308.25 308.25 431 859-899 885 295-303 298.21 72 911-911 911 286-286 286 471 958-990 980 269.75-283 273.54 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 478-481 480 412.5-415 414.17 30 520-520 520 382.5-382.5 382.5 8 676-676 676 327.5-327.5 327.5
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 115,899 contracts of corn as of May 6, a decrease of 59,530 contracts week-over-week as traders continue to sell out of corn futures positions.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 75,297 contracts as of May 6, a decrease of 53,357 contracts week-over-week. The July 2025 contract is priced 20 3/4 cents higher than the September 2025 contract, a spread that weakened significantly over the past week. DTN's National Corn Basis continued to climb over the past week to 28 cents under the July board, an improvement of 2 cents week over week.

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex had a somewhat lethargic day, as the only real excitable action was in the lean hog complex. No new cash cattle trade developed throughout the day. May corn is up 2 1/2 cents per bushel and May soybean meal is down $0.60.

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