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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 03/27 16:30 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 03/27/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 3894 3150 4371 Compared to last week: steers 700 to 799 lbs 5.00 to 10.00 higher, 800 to 899 lbs steady to 2.00 higher. Best test on heifers 600 to 649 lbs mostly steady. A large offering of feeder cattle this week featuring many loads and strings of both home raised and backgrounded cattle and quite a few packages of home raised cattle. Good to very good demand for cattle without too much extra flesh, moderate to good demand for fleshier cattle. Very good demand for replacement heifers. Lots of attractive cattle on offer and a few plainer cattle as producers clean out pens before calving. An active market with mostly order buyers in the seats. Warm weather in the 60's expected for the weekend and then cooler weather to follow, temperatures have been very up and down the last few weeks. No sale next week due to Good Friday, next feeder cattle sale is Friday April 10. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 23 463-466 465 485-512.5 506.55 38 505-533 522 440-471 467.39 60 573-593 590 428-429.5 429.31 139 600-643 622 413-423 418.3 207 650-696 666 382.5-405.5 398.89 147 702-725 715 393.5-400 396.28 Replacement 206 726-747 736 356-384.5 373.47 25 767-767 767 351-351 351 125 831-849 842 344.5-345 344.79 28 848-848 848 369-369 369 Replacement 123 863-864 863 349.5-359 354.06 Replacement 62 909-909 909 326-326 326 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 614-614 614 387-387 387 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 50 1067-1067 1067 310.25-310.25 310.25 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 383-383 383 590-590 590 16 441-442 441 570-580 576.87 63 462-491 487 535-562.5 558.76 56 513-526 525 505-542.5 538.57 28 576-596 589 457.5-470 462.87 200 609-638 618 445-477 457.11 98 651-698 670 419-453.5 439.56 290 702-746 718 396-425.25 415.53 554 762-792 776 385-395.5 390.21 211 826-831 829 355-368.5 362.75 322 850-898 881 351-365 358.46 600 902-946 922 330.75-351 341.44 115 960-961 961 336-336 336 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 644-644 644 435-435 435
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CORN Strategies Snapshot

TREND: The trend for May corn is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 375,360 contracts as of March 24, and were net-buyers of 63,018 contracts during the CFTC reporting period as prices rallied on bullish influence from energy markets due to the ongoing war in the Middle East.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 314,222 contracts as of March 24, and were net-sellers of 58,599 contracts through the CFTC reporting period. The May 2026 contract is priced 11 3/4 cents lower than the July 2026 contract, widening (more carry) through the week, and still among the highest degree of carry between the two contracts...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

Livestock futures started the Thursday session with very limited interest, allowing prices to hold limited gains in cattle futures through early hours of trade, but softness developed in feeder cattle and lean hog trade during late morning trade.

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