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USDA Sheldon, IA Weighted Average

USDA Sheldon, IA Weighted Average 06/12 14:25 AMS_2154 MARS Sheldon Livestock Slaughter Cattle - Sheldon, IA Sheldon Livestock Auction-Sheldon,IA Livestock Weighted Average Report for 06/12/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ SLAUGHTER CATTLE 476 600 164 The last reported sale was two weeks ago, May 29. Choice slaughter steers and heifers showing an upward trend. Dairy steers 3.00 higher, with a lofty offering. Fat cattle reaching 2.45 last week. and just under that today at 2.44. Most of the sale consisted of smaller strings with a load of dairy heifers today. Good demand throughout the sale. --------------------------------------------------------------- SLAUGHTER CATTLE --------------------------------------------------------------- DAIRY HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 2 1585-1585 1585 205-205 205 Average DAIRY HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 40 1403-1616 1600 188.5-192 189.79 Average DAIRY STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 5 1658-1658 1658 230-230 230 High Natural 15 1487-1938 1670 206.5-212 208.09 Average 8 1440-1839 1756 218-221 218.87 High DAIRY STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 26 1485-1660 1560 197-202 199.73 Average DAIRY/BEEF HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1595-1650 1625 234-238 236.35 Average DAIRY/BEEF STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 6 1394-1850 1470 235.75-240 236.64 Average DAIRY/BEEF STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1443-1443 1443 229-229 229 Average HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 78 1216-1475 1357 234.5-241 237.49 Average 8 1355-1400 1394 233-239 238 Average Certified Prgms HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 10 1151-1151 1151 234.75-234.75 234.75 Average Return to Feed 12 1199-1460 1295 227.5-233 230.16 Average 1 1740-1740 1740 220-220 220 Average Heavy Weight STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 12 1395-1495 1442 236-237 236.41 Average Certified Prgms 33 1393-1498 1447 237.5-244 240.8 Average STEERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 52 1505-1573 1533 234-240 237.35 Average 47 1604-1683 1633 236.75-244 239.99 Average Heavy Weight STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 24 1230-1495 1400 233-236 233.88 Average STEERS - Select and Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 9 1637-1670 1644 232.5-235 234.44 Average Heavy Weight
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is down.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 95,494 contracts as of June 10, an increase of 14,435 contracts as solid crop conditions and friendly weather kept sellers active during the CFTC reporting period.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 114,551 contracts as of June 10, an increase of 9,826 contracts, week-over-week. The July 2025 contract is priced 16 cents higher than the September 2025 contract, a spread that strengthened significantly over the past week. DTN's National Cash Index indicated that corn basis firmed over the most recent week to 22 cents under the July board, an improvement of 1 cent on the...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

Tuesday's market ended up being a swing and a miss for the livestock complex, as all three markets rounded out the day lower. Traders are continuing to stress over the idea that the markets are overbought and that it may be time for a correction.

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