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USDA WY,W.NE,SW SD&W.ND Fdr Cattle

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 07/10 11:15 MARS -, Livestock Weighted Average Report for - This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- N/A(): N/A(): 125 N/A(): 126 -------------------------------------------------------------------------------- Trading was inactive in the two reporting regions. Video sales along with local auctions kept buyers from searching the country for cattle to procure. Also, there may not be a lot of yearlings left to procure due to early marketing from drought conditions in both states. Feedlots fully lost there upward momentum with the CME live cattle board selling lower most of the week. High heat index, little wind in Nebraska has some feedlots seeing those effects on their heavy weight cattle market weight cattle. Holding firm this time of year could be costly to those yards, as egger sellers make for lower market sometimes. However, the basis is great for those that hedge. Live sales in Nebraska fell 7.00 to 8.00 lower at 248.00 and dressed sales down 10.00 at 393.00.
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CORN Strategies Snapshot

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

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 131,463 contracts as of July 14, and were net-buyers of 30,483 contracts during the CFTC reporting period as traders returned to buying with conditions across the U.S. Corn Belt turning hot and dry through mid-July.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 94,976 contracts as of July 14, and were net-sellers of 27,322 contracts through the CFTC reporting period. The September 2026 contract is priced 22 1/2 cents lower than the December 2026 contract, falling through the week to the highest degree of carry between the two contracts through...

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