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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 10/02 13:15 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 10/02/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2338 2781 2845 Compared to last week: best test on steers 900 to 1049 lbs steady to 3.00 lower. Heifers not well compared. A nice offering of yearlings today with the majority coming off grass. Good demand for loads and strings of yearlings. Flesh condition varied, from light to moderate plus. A large portion of the heifers offered were spayed. An active market with many opportunities to buy several loads of cattle to fill pens but buyers were most likely to take a few loads of a cut, not all. The futures complex has continued to be volatile creating much uncertainty in the market. Sunny and dry conditions expected for the next week and bean harvest has begun. Next feeder cattle sale is Friday, October 9. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 18 1000-1000 1000 287-287 287 13 1084-1084 1084 283-283 283 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 65 714-714 714 361.5-361.5 361.5 Spayed 221 811-819 816 332-340.5 339.23 57 893-893 893 325.5-325.5 325.5 Spayed 60 898-898 898 311-311 311 140 900-907 903 325.5-325.5 325.5 Spayed 152 900-921 911 301-317 311.18 83 962-988 982 296-304 302.72 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 316 1006-1044 1025 316.75-321 319.7 108 1061-1091 1078 308.5-315 311.34 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 21 718-718 718 339.75-339.75 339.75 79 802-820 818 348-361 349.45 116 894-895 895 349-349 349 306 901-926 912 344.75-348 346.45 488 951-999 974 327-340.75 334.04
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Market Strategies

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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