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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 10/29 02:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 10/28/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 7699 4897 8484 Compared to last week Feeder Steers 450 to 700 40.00 to 55.00 lower, Feeder Heifers 450 to 650 20.00 to 35.00 lower, 950 to 1000 20.00 lower. Moderate to Good Demand in the Seats and Good Demand on the Internet for Several Strings, Many Load Lots, and Many Part Loads and Packages of Feeder Steers and Feeder Heifers which sold on a Moderate Market at first, transitioning into a bit more Active Market as the sale progressed and the Nearby Futures markets closed only slightly down as opposed to the free fall of the futures market over the last several days. The entire Offering came off grass and carried Light to Moderate Flesh. The presentation was attractive and the weigh-up mostly favorable with a few calves showing some mud and tagg from the moisture over the weekend. Nearly all the Spring Calves were fully vaccinated with both Spring and Fall vaccinations and came straight off the cow. In 16 years of Market Reporting I don't believe I have ever seen a market transition of this magnitude. Everyone from the buyers and sellers to the sale managers hopes this Futures Market will soon find some footing and moderate the swings. The Next Sale is October 29, a Weighup Cow and Bull Special; November 1 is the Annual Stock Cow and Bred Heifer Special; The next Feeder Cattle Sale is November 4, expecting 7,000 head. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 467-467 467 425-425 425 HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 384-384 384 405-405 405 60 415-415 415 436-436 436 7 536-536 536 387.5-387.5 387.5 6 644-644 644 337.5-337.5 337.5 HEIFERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 354-354 354 420-420 420 7 541-541 541 320-320 320 13 567-567 567 317.5-317.5 317.5 HEIFERS - Large 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 394-394 394 345-345 345 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 17 366-390 380 465-465 465 11 417-417 417 512.5-512.5 512.5 446 453-497 480 420-479 448.78 455 501-538 528 405-442.5 418.32 576 552-594 569 362.5-410 394.63 296 622-642 630 344-352 348.7 80 673-673 673 337-337 337 9 986-986 986 297.5-297.5 297.5 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 19 418-430 421 405-442.5 415.08 27 459-487 468 415-432.5 426.43 34 510-525 516 380-382.5 381.53 11 608-608 608 325-325 325 HEIFERS - Medium and Large 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 431-431 431 330-330 330 HEIFERS - Medium and Large 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 474-474 474 250-250 250 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 13 578-578 578 390-390 390 8 637-637 637 353-353 353 8 694-694 694 348-348 348 STEERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 17 587-587 587 312.5-312.5 312.5 12 650-650 650 340-340 340 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 471-487 480 457.5-458 457.78 18 551-551 551 410-410 410 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 349-349 349 600-600 600 15 354-376 366 520-595 553.88 116 412-440 433 480-537 527.66 390 452-499 472 470-522.5 496.89 877 504-547 526 425-501 461.4 1557 550-598 574 407-450 429.1 1158 606-647 632 370-417.5 395.81 646 650-699 673 362-399 381.36 69 719-719 719 335-335 335 Fleshy STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 331-331 331 530-530 530 12 384-392 388 492.5-500 496.29 15 478-478 478 445-445 445 42 554-554 554 405-405 405
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CORN Strategies Snapshot

TREND: The trend for December corn is revised to sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,186 contracts as of September 23, an increase of 15,017 contracts during the CFTC reporting period as traders turned to selling amid technical pressure in the corn market.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 79,646 contracts as of September 23, the most recent CFTC report. The December 2025 contract is priced 13 3/4 cents lower than the March 2026 contract, steady over the week but among the narrowest the spread has been since spring of 2025. DTN's National Corn Index implies a corn basis of 39 cents under the December board, firming 2 cents...

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Commentary

DTN Ag Host Midday Livestock

DTN Ag Host Midday Livestock

It's been a quiet morning for the livestock complex as the cattle contracts are trading slightly higher, but the lean hog contracts are still trading lower as demand remains weak. There are some bids on the table for the fed cash cattle market, but no new trade has developed.

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