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

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 10/02 12:10 MARS -, Livestock Weighted Average Report for - This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- N/A(): N/A(): N/A(): 725 N/A(): 1538 -------------------------------------------------------------------------------- Direct trading was inactive in both reporting regions. Contacts are busy receiving or delivering video cattle. Some contacts have switched to trying to buy calves coming through area auctions. Some calves are selling a little earlier and some what lighter than last year from the drought conditions they have experienced all summer. Feedlot trade in Nebraska live sales steady to 2.00 lower from 220.00 to 222.00 and live sales steady to 5.00 lower at 345.00. Really nice slow rains prevailed across most of Nebraska the last seven days. However, this moisture has brought fall harvest to a halt in a large area. Some soybean pods are starting to pop due to the excessive moisture and the beans are hitting the ground. Also, some corn has started to sprout on the ear in some areas. Noted this is the second wettest September on the books. But very good ground moisture going into winter and it will help with green up in the spring. Have a great weekend!.
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CORN Strategies Snapshot

TTREND: The trend in most active corn futures is higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 509,501 contracts as of September 29, net-sellers of 26,300 contracts as traders booked profits with few bullish details emerging from trade meetings between President Trump and China's President Xi.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 448,508 contracts as of Sept. 29 and were net-buyers of 26,303 contracts through the CFTC reporting period. The December 2026 contract is priced 14 cents lower than the March 2027 contract, weakening (adding carry) through the week but in an overall strengthening trend since late July as crop size estimates...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The cattle contracts ended the day lower as traders' ambitions ahead of the week grew weary and although Southern live cattle were able to trade higher, traders did also note the weaker tone in boxed beef prices later in the week.

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