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USDA Russell, IA Weighted Average

USDA Russell, IA Weighted Average 05/11 14:45 AMS_2159 MARS Russell Livestock Feeder Cattle - Russell, IA Russell Livestock Auction - Iowa-Russell,IA Livestock Weighted Average Report for 05/11/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1382 4343 0 Compared to the sale two weeks ago, steers mostly sold steady to 5.00 higher. Heifers sold sharply lower. Demand was good today. Supply was light and included many smaller packages. Unweaned calf prices did not see there usual discounts. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 619-643 627 360-382.5 367.69 4 668-668 668 377.5-377.5 377.5 14 911-911 911 333-333 333 6 983-983 983 300-300 300 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 14 360-398 385 535-590 557.01 36 405-448 431 490-540 516.96 72 450-491 472 472.5-490 480.79 93 502-547 535 431.5-468 438.08 56 554-591 565 392.5-444 421.71 51 602-625 618 385-404 401.22 10 635-635 635 387.5-387.5 387.5 Unweaned 70 668-689 680 371-387 381.56 22 704-727 722 341-370 363.57 14 756-785 779 322.5-331 329.23 10 850-850 850 323-323 323 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 390-390 390 450-450 450 9 476-476 476 462.5-462.5 462.5 10 500-531 519 417.5-430 424.79 18 585-596 591 375-395 385.29 25 608-641 620 360-376 370.28 4 733-733 733 327.5-327.5 327.5 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 378-378 378 650-650 650 15 413-437 427 597.5-600 597.98 76 455-490 469 560-593 581.37 62 501-543 520 510-539 529.93 73 551-597 566 475-502.5 489.14 11 570-588 578 418-430 425.39 Unweaned 139 600-635 609 450-470 464.79 68 657-683 677 430-444 442.44 7 697-697 697 400-400 400 Unweaned 37 722-722 722 418-418 418 6 753-753 753 380-380 380 Unweaned 38 778-799 786 376-385 383.03 8 809-809 809 379.5-379.5 379.5 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 471-492 484 494-515 506.33 13 523-544 536 445-487.5 471.35 12 573-575 575 436-460 441.98 26 601-646 617 410-437.5 428.24 17 650-692 666 410-413 411.1
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 383,537 contracts as of May 12 and were net-sellers of 49,847 contracts during the CFTC reporting period as traders booked profits on length amid renewed peace efforts in the Middle East and few issues for U.S. planting thus far.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 259,956 contracts as of May 12 and were net-buyers of 108,892 contracts through the CFTC reporting period. The July 2026 contract is priced 7 1/2 cents lower than the September 2026 contract, widening (more carry) through the week and to the highest degree of carry between the two contracts...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex ended the day mixed, with the cattle contracts able to rally mildly through the day's end, while the lean hog contracts continue to struggle. Still no cash cattle trade has developed.

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