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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 09/02 00:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 09/01/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1075 1028 0 Sale not recently reported due to Seasonally low Receipts, therefore no market comparison may be made. Good Demand in the seats and moderate demand on the Internet for Several Load Lots and Packages of Spring Calves and Several Part Loads and Packages of Feeder Steers and Tested Open Heifers which sold on a Moderate to Active Market. Nearly all the Yearling Heifers were tested open off the keepers, had an attractive presentation, were off grass, and carried Light to Moderate Flesh. The Spring Calves in the Offering are about a month earlier than normal due to dry conditions in some of the surrounding areas. Despite the dry conditions the Spring Calves were healthy, shiny, fully vaccinated, and carried a very favorable weigh-up. The Next Sale is September 15, Yearling and Spring Calf Special; 300 Yearlings and 600 Spring Calves are on the books with more expected by Sale Day. Happy Labor Day! Many Thanks to all the Hard working Americans today as well as those who have gone before us! --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 1057-1057 1057 270-270 270 6 1127-1127 1127 258-258 258 HEIFERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 1060-1060 1060 265-265 265 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 38 1004-1006 1004 272-272.5 272.38 Full 11 1009-1035 1021 271-282 276.93 16 336-336 336 520-520 520 71 400-400 400 515-515 515 132 464-479 477 410-425 421.41 150 557-569 565 373-385 380.82 6 869-869 869 298-298 298 5 911-911 911 286-286 286 54 965-976 968 280-288 285.61 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 439-439 439 430-430 430 STEERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 16 494-494 494 417.5-417.5 417.5 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 33 375-375 375 535-535 535 134 451-472 454 482.5-504 501 142 514-522 519 440-466 457.12 198 582-594 588 422-432.5 427.2 10 753-753 753 339.5-339.5 339.5 Full
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Market Strategies

CORN Strategies Snapshot

TREND: The trend in most active corn futures is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 542,999 contracts as of Sept. 8, closing in on the all-time record of 547,677 contracts set in late January of 2021. Traders were net-buyers of 6,256 contracts as bullish momentum picked up on lower U.S. yield forecasts as well as Black Sea grain supplies being cut off by recent attacks against shipping infrastructure.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 470,605 contracts as of Sept. 8 and were net-buyers of 6,216 contracts through the CFTC reporting period. The December 2026 contract is priced 15 cents lower than the March 2027...

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Commentary

DTN AgHost Midday Livestock Comments

DTN AgHost Midday Livestock Comments

Livestock futures have remained generally quiet early Friday morning, with increased focus on the afternoon release of the cattle on feed report. Although limited additional cash market activity is expected to be seen until late afternoon, the early movement of steady price levels from last week's levels may set the overall trend of the market for the week.

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