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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 11/11 00:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 11/10/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 7223 3812 6471 Compared to last Week Feeder Steers 450 to 550 Steady to 5.00 lower, 550 to 600 Steady to 5.00 higher, 600 to 650 10.00 higher, Feeder Heifers 400 to 500 10.00 lower, 500 to 550 Steady, 550 to 600 Steady to 5.00 higher. Very Good Demand in the seats and Good Demand on the Internet for Many Load Lots, Part Loads, and Packages of Feeder Steers, Feeder Heifers, and Replacement Heifers which sold on an Active to Very Active Market. Several Seedstock Producers were in the seats or had orders placed with Buyers to purchase some of their Bull sale customers calves which added to the Demand. Nearly the Entire Offering was Home Raised with Spring and Fall vaccinations and came straight off the Cow with an attractive presentation and a favorable weigh-up. Most of the Offering carried Light to Moderate Flesh with Instances of Moderate to Heavy Flesh. The Next Sale is November 11: Weigh-up Cow Special; November 17 Weigh-up Cow and Spring Calf Special: Expecting 2,000 Spring Calves. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 1216-1216 1216 239-239 239 Fleshy HEIFERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 511-511 511 387.5-387.5 387.5 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 13 1014-1029 1022 281-284 282.63 36 391-394 392 477.5-485 482.49 67 419-448 439 425-447.5 435.08 64 471-495 487 430-443 436.89 469 504-548 527 395-436 414.72 47 539-539 539 450-450 450 Replacement 420 563-591 574 353-408 388.16 121 579-593 585 424-445 433.5 Replacement 283 603-638 618 347.5-400 382.28 46 648-648 648 338-338 338 Fleshy 95 655-655 655 440-440 440 Replacement 387 653-675 661 350-371.5 364.96 94 704-704 704 349-349 349 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 445-445 445 422.5-422.5 422.5 9 478-478 478 405-405 405 67 507-511 510 355-392.5 365.02 HEIFERS - Medium and Large 2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 20 409-409 409 380-380 380 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 26 671-671 671 372-372 372 5 743-743 743 343-343 343 5 758-758 758 325-325 325 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 26 508-547 538 427-430 427.65 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 63 401-424 414 520-542.5 530.68 116 453-488 474 477.5-513 491.9 5 522-522 522 435-435 435 Full 689 505-549 531 442.5-480 462.08 784 550-598 575 417-455 440.08 1309 600-645 621 401-440 420.17 974 654-697 677 376-419 396.06 128 691-698 693 367-368 367.73 Fleshy 258 728-745 738 375-383 378.94 78 776-776 776 353.5-353.5 353.5 7 794-794 794 312.5-312.5 312.5 Fleshy 6 820-820 820 332-332 332 11 864-864 864 323-323 323 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 383-383 383 500-500 500 26 407-434 425 490-517.5 499.12 7 459-459 459 482.5-482.5 482.5 127 553-565 559 402-417.5 412.45 20 658-658 658 365-365 365
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Market Strategies

CORN Strategies Snapshot

TREND: The trend in most active corn futures is considered sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 137,595 contracts as of Nov. 3, net-sellers of 63,677 contracts as traders reduced their net-length from early September by 75% as of the most recent CFTC report.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 137,516 contracts as of Nov. 3, and were net-buyers of 52,161 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/2 cents lower than the March 2027 contract, weakening (more carry) slightly through the week but in an overall strengthening trend since early August. National average corn basis firmed...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a successful week for the livestock contracts! All three of the livestock markets ended the week Friday afternoon in a better position than what the market opened at on Monday morning -- praise God!

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