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USDA Mobridge, SD Fdr Cattle Wtd Avg Report

USDA Mobridge, SD Fdr Cattle Wtd Avg Report 04/24 13:45 AMS_2025 MARS Mobridge Livestock Exchange (Thursday) - Mobridge, SD Mobridge Livestock Exchange-Mobridge,SD Livestock Weighted Average Report for 04/24/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1405 1796 1440 Different weight classes than last week so an accurate price trend can not be established. Today's feature consignment was a string of 1200 backgrounded black steers in moderate to moderate plus flesh from one family operation. These attractive steers were met with very good demand with buyers taking all loads of same weight cattle to fill pens. A handful of home raised packages made up the rest of the offering, mostly plain to average in quality and met with moderate demand. An active market for this offering with fewer buyers attending but those present were determined to own cattle. Another string of steers from the same family operation will be offered next Thursday, May 1. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 461-491 476 332.5-340 336.13 22 607-607 607 314-314 314 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 758-758 758 260-260 260 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 65 549-549 549 406.5-406.5 406.5 13 585-585 585 365-365 365 357 762-792 783 309-311 310.54 204 805-814 809 311-311 311 584 863-895 885 289-291 290.52 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 468-468 468 405-405 405 7 782-782 782 267.5-267.5 267.5
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 219,843 contracts of corn as of April 22, a decrease of 14,339 contracts week over week as traders booked some profits on longs following a strong rally in corn price the prior week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net short position of 161,479 contracts as of April 22, a decrease of 17,620 contracts week over week. The May 2025 contract is priced 6 3/4 cents below the July 2025 contract, a slight narrowing in the spread from last week. DTN's National Corn Basis continued to climb over the past week to 33 cents under the July board, an improvement of 1 cent week over week.

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

There is no ceiling on cash as packers aggressively purchase cattle. They were short-bought and may remain that way as they may buy only what they need. Hog futures were mixed at the close Thursday as traders seemed uncertain of which way the market would move in the near term.

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