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USDA Russell, IA Weighted Average

USDA Russell, IA Weighted Average 11/09 15:00 AMS_2159 MARS Russell Livestock Feeder Cattle - Russell, IA Russell Livestock Auction - Iowa-Russell,IA Livestock Weighted Average Report for 11/09/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1831 1601 0 Compared to the auction two weeks ago, steers under 500 lbs. and steers between 650 and 750 lbs. sold sharply lower, while all other steers sold mostly 6.00 to 25.00 lower. Heifers sold mostly 6.00 to 26.00 lower. There were just a handful of load lots in the offering today. Supply was moderate to heavy and three consignors brought nearly 450 head. Demand was good to very good today. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 19 306-345 323 505-545 531.07 8 361-385 370 450-465 459.15 Unweaned 78 404-444 430 420-450 432.65 96 454-498 475 370-403 392.28 143 508-548 519 370-407 385.96 12 537-537 537 370-370 370 Unweaned 41 553-583 563 368-380 371.65 34 552-598 571 342.5-360 347.4 Unweaned 19 616-622 620 345-346 345.74 Unweaned 87 617-634 624 335-370 344.46 28 661-675 674 325-334.5 333.5 27 720-737 734 315-330 317.18 70 780-780 780 322-322 322 24 872-884 879 279-287 282.1 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 295-295 295 515-515 515 4 340-340 340 405-405 405 11 445-445 445 417.5-417.5 417.5 5 481-481 481 360-360 360 14 562-564 563 330-350 340.02 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 298-298 298 585-585 585 Unweaned 10 345-345 345 496-496 496 Unweaned 15 369-375 370 470-497.5 491.93 Unweaned 15 410-410 410 550-550 550 Fancy 21 402-424 413 505-520 510.78 33 416-444 438 490-510 504.66 Unweaned 60 450-498 467 462.5-505 482.98 28 456-480 473 415-455 430.54 Unweaned 124 500-547 527 432.5-453.5 447.5 23 530-542 536 419-426 422.69 Unweaned 212 552-599 571 405-430 420.58 19 599-599 599 387-387 387 Unweaned 13 615-632 624 365-390 381.44 Unweaned 38 605-646 639 383-406 387.66 37 651-691 662 355-379 361.17 26 707-747 736 327-336 333.67 4 742-742 742 320-320 320 Unweaned 6 753-753 753 310-310 310 Unweaned 21 764-764 764 339-339 339 28 846-846 846 350-350 350 60 852-852 852 330.85-330.85 330.85 5 980-980 980 279-279 279 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 323-323 323 495-495 495 12 472-499 483 400-405 402.15 16 503-547 514 370-413 401.56 33 550-595 581 347.5-393 378.11 10 616-628 623 330-370 348.05 8 685-686 685 327-330 328.13 9 836-836 836 294-294 294
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CORN Strategies Snapshot

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

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 137,595 contracts as of Nov. 3, net-sellers of 63,677 contracts as traders reduced their net-length from early September by 75% as of the most recent CFTC report.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 137,516 contracts as of Nov. 3, and were net-buyers of 52,161 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/2 cents lower than the March 2027 contract, weakening (more carry) slightly through the week but in an overall strengthening trend since early August. National average corn basis firmed...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a successful week for the livestock contracts! All three of the livestock markets ended the week Friday afternoon in a better position than what the market opened at on Monday morning -- praise God!

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