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USDA ND Weekly Auction Summary

USDA ND Weekly Auction Summary 04/25 09:15 AMS_2100 MARS North Dakota Weekly Cattle Auction Summary -, Livestock Weighted Average Report for 04/21/2025 - Final Summary This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 7236 1817 4344 No reported auctions a week ago to offer a comparison, much higher undertones compared to the single auction location reported two weeks ago. Very good demand for all weights of feeder steers and heifers as the CME Live and Feeder Cattle futures climbs higher as they try to keep pace with the rapidly rising cash fed cattle market. With the summer grazing season fast approaching, the best demand and most market activity is seen on those steers and heifers in light enough weight and flesh to grow as a yearling on grass. Yearling operators are willing to chase the market and compete very heavily to get the light cattle bought that they need. There has been some rain across the state, which helped to support the market for these light cattle as well as the winter and spring have been incredibly dry. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 1063-1063 1063 218-218 218 17 1185-1185 1185 220.5-220.5 220.5 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 376-376 376 477.5-477.5 477.5 37 429-434 433 395-410 401.11 42 458-478 464 372.5-400 391.64 337 503-541 525 350-383 366.83 637 550-594 575 324-361.75 349.38 639 602-649 630 311-340 329.45 722 650-696 659 300-335 322.34 12 686-686 686 315-315 315 Replacement 23 711-711 711 301-301 301 Replacement 164 717-741 733 294.5-313 300.64 261 757-791 768 277-291 286.7 103 752-797 777 283-297 290.22 Replacement 25 811-829 818 275-281 278.57 Replacement 14 838-838 838 260-260 260 65 867-867 867 276-276 276 Replacement STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 59 1109-1109 1109 249-249 249 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 90 404-446 429 404-458 446.06 39 458-478 468 420-445 432.58 404 519-542 530 400-441 427.92 335 562-597 578 371-401 388.4 456 601-642 619 345-384.5 370.57 545 651-695 661 334-376 365.09 389 700-744 723 304-342 330.2 198 754-793 779 300-321.5 310.37 72 810-839 817 290-293 290.8 115 881-889 886 271.5-286 278.58 10 941-941 941 270-270 270 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 693-693 693 328-328 328
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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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