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USDA WY,W.NE,SW SD&W.ND Fdr Cattle

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 05/09 11:40 AMS_3237 MARS Wyoming-Nebraska Direct Cattle Report Direct Livestock - Cattle-N/A,OK Livestock Weighted Average Report for 05/05/2025 - Final This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- FEEDER CATTLE(Delivered): 419 -------------------------------------------------------------------------------- First reported sales in a couple of weeks. Higher undertone was noted. Demand was good with several feedlots looking for cattle to replace empty pens. Another banner week on the fat cattle trade in Nebraska, live sales hitting the 225.00 to 228.00 mark on negotiated cash sales, 3.00 to 5.00 higher than last week. Dressed sales rang the bell 5.00 to 10.00 higher from 355.00 to 360.00. Supply included: 100% Feeder Cattle (29.6% Steers, 70.4% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 3% shrink or equivalent, with a 10 cent slide > 600 lbs. -------------------------------------------------------------------------------- FEEDER CATTLE -------------------------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Estimate) Delivery Head Wt Range Avg Wt Price Range Avg Price -------- ---- -------- ------ ------------- --------- Current 295 825 825 274.50 274.50 STEERS - Medium and Large 1 (Per Cwt/Estimate) Delivery Head Wt Range Avg Wt Price Range Avg Price -------- ---- -------- ------ ------------- --------- Current 124 825 825 306.00 306.00
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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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