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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 01/30 14:25 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 01/30/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2604 2810 3446 No feeder cattle last week due to artic weather. Compared to two weeks ago: best test on steers 600 to 649 lbs mostly steady, 700 to 749 lbs 7.00 to 10.00 higher with instances up to 25.00 higher. Heifers most well compared. Very good demand for this offering featuring quite a few loads and packages of home raised cattle including several consignments of replacement heifers from reputation outfits. Lots of attractive cattle to choose from with many of these fitting grass and backgrounding programs. Flesh condition mostly moderate to moderate plus and cattle were clean and open haired. An active market with buyers and farmer feeders in the seats and some activity on the internet. Warmer temperatures on the way for the weekend and into next week. Next feeder cattle sale is Friday, February 6. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 41 1146-1146 1146 292-292 292 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 19 401-435 411 485-535 511.8 8 498-498 498 475-475 475 85 529-542 539 457-468 465.75 26 551-590 569 407.5-430 421.87 103 601-646 623 401-443 423.18 77 651-687 677 380-394 385.15 172 703-748 725 391-403 396.65 Replacement 6 768-768 768 403-403 403 Replacement 148 766-778 772 374.25-385 379.67 66 808-808 808 399-399 399 Replacement 10 996-996 996 298-298 298 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 547-547 547 410-410 410 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 20 459-459 459 562.5-562.5 562.5 28 504-545 529 485-532.5 514.07 155 553-572 564 495-519 504.54 198 605-646 622 433-468 451.72 541 650-696 674 409-452 434.57 271 700-736 725 399.5-425 409.33 232 764-784 772 377-401 396.53 100 803-816 813 379.5-380 379.61 148 861-883 871 371-376.5 374.05 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 429-429 429 540-540 540 4 540-540 540 470-470 470 44 687-687 687 401-401 401
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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 34,698 contracts as of Feb. 3, and were net-sellers of 3,027 contracts during the CFTC reporting period after prices hit technical resistance the previous week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 52,916 contracts as of Feb. 3, and were net-buyers of 225 contracts through the CFTC reporting period. The March 2026 contract is priced 8 1/2 cents lower than the May 2026 contract, slightly wider (more carry) through the week. National average corn basis firmed 2 cents through the week to 32 cents under the March board.

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex had another fruitful day as most of the contracts were able to close higher. Throughout the week, some light trade was noted in the South at $242 to $245, which is $3.00 to $6.00 higher than last week's weighted average, and Northern dressed cattle traded at mostly $378, which is $1.00 higher than last week's weighted average.

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