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

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 04/25 11:35 AMS_3237 MARS Wyoming-Nebraska Direct Cattle Report Direct Livestock - Cattle-N/A,OK Livestock Weighted Average Report for 04/21/2025 - Final This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- FEEDER CATTLE(F.O.B.): 575 N/A(): N/A(): 130 -------------------------------------------------------------------------------- First offering FOB cattle in a few weeks a market trend is not applicable. However, a higher undertone was noted. Demand was good. A lot of buyers are looking in every nook and cranny for cattle to buy. Bulk of the cattle trade is still at the livestock auction in the two-reporting area on this report. Livestock auction prices continue to hit new (high) milestones about each week for most weight classes. Feedlot trade in Nebraska remains at a standstill through this writing. Feedlot managers have priced show list dollars higher than last week, and packers are holding firm on their bids. Actual slaughter weights for week ending 4/12: All live 1438 lbs (+3), Steer carcass 946 lbs (-3) and Heifer carcass 872 lbs (-2). Supply included: 100% Feeder Cattle (60.9% Steers, 39.1% 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 225 790 790 276.00 276.00 STEERS - Medium and Large 1 (Per Cwt/Estimate) Delivery Head Wt Range Avg Wt Price Range Avg Price -------- ---- -------- ------ ------------- --------- Current 350 700 700 325.00 325.00
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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 219,843 contracts of corn as of April 22, a decrease of 14,339 contracts week over week as traders booked some profits on longs following a strong rally in corn price the prior week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net short position of 161,479 contracts as of April 22, a decrease of 17,620 contracts week over week. The May 2025 contract is priced 6 3/4 cents below the July 2025 contract, a slight narrowing in the spread from last week. DTN's National Corn Basis continued to climb over the past week to 33 cents under the July board, an improvement of 1 cent week over week.

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a mixed day for the livestock complex as the markets received mixed messages from technical and fundamental indicators. The lean hog complex was thrilled to have a strong export report, and fed cash cattle prices soared higher, but traders remain mildly cautious when it complex to the cattle contracts.

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