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USDA Mitchell, SD Wtd Averages

USDA Mitchell, SD Wtd Averages 05/07 19:00 AMS_2022 MARS Mitchell Livestock Auction - Mitchell, SD Mitchell Livestock Auction-Mitchell,SD Livestock Weighted Average Report for 05/07/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 4000 3185 3840 Compared to two weeks ago: Feeder steers 10.00 to 15.00 higher, instances to 20.00 higher. Feeder heifers mostly steady, except 700-750 lbs and 850-900 lbs 10.00 higher. Very good demand for this large offering of backgrounded yearlings and weaned fall calves. The market was very active as reports of cash fed cattle came in at 260.00 this week. Quality was very attractive throughout the offering, however flesh on the yearlings varied greatly, from light and just right, to very heavy fleshed. Many full loads, including multiple load lots throughout the sale, allowing buyers to make full pens of uniform cattle. The fall calves were very light to moderate fleshed and sold very easily. Volatility returned to the CME cattle futures complex but strong cash market fundamentals gave support to the market at the auction. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 1177-1177 1177 262-262 262 Fleshy HEIFERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 961-961 961 257.5-257.5 257.5 Fleshy HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 20 1004-1004 1004 293-293 293 Fleshy 200 1067-1087 1085 261-271.75 270.69 Fleshy 8 224-224 224 760-760 760 9 296-296 296 620-620 620 53 386-390 390 545-550 545.37 8 431-442 437 505-540 522.72 7 494-494 494 500-500 500 45 509-540 520 430-481 468.99 8 564-564 564 500-500 500 Fancy 19 573-598 579 423-465 444.9 10 600-600 600 470-470 470 Fancy 5 625-625 625 377-377 377 Fleshy 85 630-648 638 391-429.5 417.01 176 655-696 692 375-395 376.06 127 707-732 719 350-390 365.45 10 747-747 747 350-350 350 Fleshy 39 776-776 776 377-377 377 Replacement 78 777-779 779 345-346 345.12 120 810-833 826 326-346.5 334.08 77 851-897 892 321-329 321.89 33 924-924 924 308-308 308 87 959-959 959 297-297 297 Fleshy HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 18 520-527 524 421-427.5 423.51 57 584-584 584 406-406 406 13 662-676 670 362.5-367.5 364.78 8 729-729 729 336-336 336 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 100 1019-1031 1025 329-332.5 330.74 21 1035-1035 1035 319.5-319.5 319.5 Fleshy 49 1084-1084 1084 312.5-312.5 312.5 Fleshy 56 1089-1089 1089 313.5-313.5 313.5 116 1104-1138 1112 297-310.25 308.5 Fleshy 176 1123-1149 1131 305.5-312.35 310.14 12 1317-1317 1317 264.5-264.5 264.5 Fleshy STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 701-701 701 370-370 370 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 16 1070-1070 1070 299.5-299.5 299.5 Fleshy 13 1263-1263 1263 271-271 271 Fleshy 9 243-243 243 810-810 810 9 307-307 307 710-710 710 46 416-416 416 660-660 660 Thin Fleshed 38 453-487 473 524-580 550.32 96 522-549 544 502.5-535 510.23 57 563-587 582 482.5-506 498.44 99 612-648 633 439-457.5 446.38 77 663-696 680 423-441 433.14 57 709-741 729 407-413 409.19 340 750-799 764 379-411 396.83 23 777-794 787 364-372 367.09 Fleshy 117 815-848 827 372.5-383.5 377.97 45 890-890 890 343-343 343 96 906-933 915 345.5-349.75 348.36 90 948-948 948 336-336 336 Fleshy 498 972-992 981 329-349.5 340.16 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 548-548 548 490-490 490 10 605-605 605 443-443 443 Thin Fleshed 25 830-846 836 353-361 355.92
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CORN Strategies Snapshot

TREND: The trend for July corn is higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 383,537 contracts as of May 12 and were net-sellers of 49,847 contracts during the CFTC reporting period as traders booked profits on length amid renewed peace efforts in the Middle East and few issues for U.S. planting thus far.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 259,956 contracts as of May 12 and were net-buyers of 108,892 contracts through the CFTC reporting period. The July 2026 contract is priced 7 1/2 cents lower than the September 2026 contract, widening (more carry) through the week and to the highest degree of carry between the two contracts...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex ended the day mixed, with the cattle contracts able to rally mildly through the day's end, while the lean hog contracts continue to struggle. Still no cash cattle trade has developed.

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