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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 08/08 15:20 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 08/08/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1724 2967 1121 Compared to last week: different weight classes of steers with best test on 950 to 999 lbs steady to 4.00 higher. Heifers not well tested this week. Very good demand for this offering with best demand seen for cattle coming off grass. Flesh varied as there were both yard and grass cattle, but mostly light to moderate plus flesh. Quality average to attractive with most of the offering selling in strings and loads with lots of opportunities to fill pens with the same man's cattle which buyers took advantage of. An active market despite a sharp drop off in both feeder and live cattle. Rain has been plentiful the last few weeks with plenty of humidity. Crop and grass conditions are very good and it looks like feed will be plentiful if one can get it put up between rains. Next feeder cattle sale is Friday, August 15. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 38 759-787 772 336-346 341.17 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 57 1049-1049 1049 315.5-315.5 315.5 505 1056-1075 1066 313.25-315.5 313.97 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 664-664 664 392.5-392.5 392.5 20 758-758 758 378-378 378 130 877-883 880 345.5-348.5 346.97 72 911-926 925 322.5-327 326.75 846 958-999 977 314.5-331 324.52
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for September corn is down.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 107,968 contracts as of Aug. 5, a decrease of 25,499 contracts as speculators took profits on short positions built up through the summer thus far.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 147,872 contracts as of Aug. 5, a decrease of 16,025 contracts, week-over-week. The September 2025 contract is priced 22 3/4 cents lower than the December 2025 contract, a spread that widened again through the most recent week, indicating a comfortable level of old-crop supplies. DTN's National Cash Index indicated that corn basis faded 2 cents over the most recent week to 17...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

Although the cattle complex wasn't gifted an easy day where the contracts just traded higher from the day's start, the market ended up having a fruitful day as the positive development in the cash cattle market helped entice trader's into supporting the contracts.

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