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USDA Dunlap, IA Weighted Average

USDA Dunlap, IA Weighted Average 05/12 23:00 AMS_2164 MARS Dunlap Livestock Slaughter Cattle - Dunlap, IA Dunlap Livestock Auction-Dunlap,IA Livestock Weighted Average Report for 05/12/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ SLAUGHTER CATTLE 105 104 277 No comparison stated given the very light numbers the previous week. Demand for today's light volume of both choice steers and heifers was good. --------------------------------------------------------------- SLAUGHTER CATTLE --------------------------------------------------------------- HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 29 1236-1510 1356 252-257 255.06 Average HEIFERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 1 1665-1665 1665 255-255 255 Average Heavy Weight HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 2 1100-1195 1148 243-252 247.31 Average Return to Feed 2 1395-1610 1503 230-243 236.03 Average 1 1710-1710 1710 230-230 230 Average Heavy Weight STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 39 1275-1505 1397 252-259 254.23 Average 4 1582-1582 1582 254.75-254.75 254.75 Average Certified Prgms 6 1644-1644 1644 250-250 250 Average Heavy Weight STEERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1650-1650 1650 255-255 255 Average Heavy Weight STEERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 3 1256-1256 1256 251-251 251 Average Return to Feed 5 1327-1530 1440 241-249 245.6 Average
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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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