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USDA Lexington, NE Weighted Average

USDA Lexington, NE Weighted Average 01/23 14:50 AMS_1849 MARS Lexington Livestock Market - Lexington, NE Lexington-Lexington,NE Livestock Weighted Average Report for 01/23/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1118 5571 2660 Compared to last week steers 600-800 lbs sold steady to 10.00 higher and heifers over 600 lbs sold steady to 10.00 lower all on a thin test of the market. Demand was moderate to good from a smaller number of buyers in the crowd. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 365-365 365 542.5-542.5 542.5 5 468-468 468 471-471 471 23 509-509 509 430-430 430 Fleshy 10 521-521 521 447-447 447 14 550-550 550 417.5-417.5 417.5 Fleshy 24 602-602 602 414-414 414 Replacement 58 602-639 616 380-390.5 385.13 31 694-694 694 390-390 390 Replacement 63 706-728 717 350-360.5 356.04 42 782-788 783 323.5-327 326.25 Fleshy 20 785-785 785 341-341 341 18 820-841 826 314.5-319 317.73 Fleshy 27 893-893 893 310-310 310 6 939-939 939 285-285 285 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 593-593 593 379-379 379 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 1051-1051 1051 316-316 316 84 606-646 620 441-464 451.8 39 701-719 709 376-379 377.67 Fleshy 84 715-736 718 392-403.5 401.68 10 773-773 773 363-363 363 Fleshy 53 755-781 777 369-379 375.56 45 803-830 823 345-347.5 346.9 Fleshy 21 838-838 838 354.5-354.5 354.5 6 870-870 870 341-341 341 15 912-912 912 337-337 337 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 22 433-443 435 487.5-501 490.62 91 507-545 529 450-467.5 459.91 22 560-577 572 429-440 437.06 65 632-632 632 419-419 419 33 691-691 691 377-377 377 7 700-700 700 355-355 355
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for March corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,704 contracts as of Jan. 20 and were net-sellers of 18,281 contracts during the CFTC reporting period following a bearish surprise in the Crop Production and WASDE reports released by USDA on Jan. 12.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 68,044 contracts as of Jan. 20 and were net-buyers of 19,121 contracts through the CFTC reporting period. The March 2026 contract is priced 7 3/4 cents lower than the May 2026 contract, mostly steady through the week. National average corn basis firmed a penny through the week to 35 cents under the March board.

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

Cattle futures are finding sufficient support to push higher on the anticipation of higher cash trade. Feeder cattle led the charge, pushing through resistance. Hogs ran out of steam, correcting for the overbought status.

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