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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 09/16 01:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 09/15/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1389 1075 0 No Feeder Cattle Sale last week, comparisons made to two weeks ago. Feeder Steers 500 to 550 10.00 higher other classes of Feeder Steers not well compared; Feeder Heifers 900 to 950 10.00 to 12.00 higher, 950 to 1000 8.00 to 10.00 higher, 1000 to 1050 10.00 to 12.00 higher. Moderate Demand for several Strings of Feeder Steers and Feeder Heifers, a few load lots, part Loads and packages of Spring Calves and Many Packages of Tested Open Heifers which all sold on a Moderate Market. Presentation varied from clean, attractive cattle with a favorable weigh-up to several offerings carrying some flesh and fill. Much of the Offering was off grass, several Offerings were out of the lot, and nearly everything was fully vaccinated. The Next Feeder Cattle Sale is September 22, with 200 Yearlings and 600 Spring Calves on the books with more expected by Sale Day. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 1101-1101 1101 265-265 265 14 1176-1176 1176 249.5-249.5 249.5 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 66 1002-1042 1020 289.5-295.5 292.86 19 1060-1067 1063 283-283 283 26 1080-1080 1080 259.5-259.5 259.5 Fleshy 8 298-298 298 480-480 480 61 377-397 386 467.5-487.5 476.61 80 436-443 439 455-480 475.01 13 576-576 576 350-350 350 7 684-684 684 350-350 350 Full 5 737-737 737 340-340 340 53 779-779 779 346.5-346.5 346.5 74 790-790 790 302-302 302 Fleshy 68 854-854 854 290.5-290.5 290.5 Fleshy 6 905-905 905 286-286 286 Full 24 915-947 934 296-310 302.11 27 978-999 992 290-302.5 294.11 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 331-331 331 435-435 435 12 940-940 940 285-285 285 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 110 1014-1022 1018 318.5-318.5 318.5 35 380-380 380 580-580 580 49 420-428 423 527.5-537 533.47 243 467-478 474 489-505 495.27 186 514-542 532 457.5-473 471.75 20 642-642 642 382.5-382.5 382.5 6 793-793 793 347.5-347.5 347.5 Full 6 955-955 955 294-294 294 Full 55 997-997 997 321.5-321.5 321.5 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 301-301 301 475-475 475 11 354-395 376 485-510 495.69
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CORN Strategies Snapshot

TREND: The trend in most active corn futures is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 542,999 contracts as of Sept. 8, closing in on the all-time record of 547,677 contracts set in late January of 2021. Traders were net-buyers of 6,256 contracts as bullish momentum picked up on lower U.S. yield forecasts as well as Black Sea grain supplies being cut off by recent attacks against shipping infrastructure.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 470,605 contracts as of Sept. 8 and were net-buyers of 6,216 contracts through the CFTC reporting period. The December 2026 contract is priced 15 cents lower than the March 2027...

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

Cattle futures were under substantial pressure on Thursday as traders would rather liquidate positions ahead of the Cattle on Feed report than take a chance on it. Frankly, hog futures held well despite cash and cutout weakness.

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