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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 11/18 22:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 11/18/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1021 6471 1694 Compared to last week Feeder Steers 500 to 650 5.00 to 8.00 lower, other classes of Steers lightly tested, Feeder Heifers 450 to 650 5.00 to 10.00 lower. Many fewer receipts as we wind down on the Fall Run. Moderate Demand in the seats and on the Internet for one load lot and several packages of Feeder Steers and Feeder Heifers. The Load Lot of Steers sold on a very Strong, Active Market, the Packages sold on a Moderate Market. Nearly the entire Offering came off grass and straight off the cow and carried Light to Moderate Flesh. Nearly all of the Spring Calves were fully vaccinated with both Spring and Fall shots. The Next Sale is November 25, a Bred Cow Special, expecting 2000 Head; The Next Feeder Cattle Sale is December 2, a Weaned Calf Special, expecting 3000 Head. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 633-633 633 342.5-342.5 342.5 HEIFERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 21 418-418 418 486-486 486 8 544-544 544 367-367 367 24 554-569 560 355-357.5 356.44 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 18 456-485 476 415-440 421.65 44 508-531 525 389-395 390.45 87 551-582 560 363.5-390 382.4 49 607-609 608 371-386 377.72 9 828-828 828 325-325 325 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 467-467 467 365-365 365 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 464-464 464 445-445 445 10 535-535 535 389-389 389 13 571-584 579 385-387.5 385.95 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 416-443 432 500-507.5 504.61 10 464-464 464 484-484 484 90 513-523 519 458-463 461.25 5 537-537 537 420-420 420 Full 56 556-597 568 394-437 411.33 256 611-635 617 381-429 406.57 5 675-675 675 357.5-357.5 357.5 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 436-436 436 460-460 460 13 497-497 497 392-392 392 6 576-576 576 377.5-377.5 377.5 16 609-609 609 374-374 374
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for December corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 92,353 contracts as of Oct. 7, an increase of 11,046 contracts during the CFTC reporting period as traders had sold ahead of the peak of U.S. corn harvest.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 117,716 contracts as of Oct. 7, the most recent CFTC data. The December 2025 contract is priced 12 cents lower than the March 2026 contract, a spread that narrowed over the week, tying the firmest close since April. DTN's National Corn Index implies a corn basis of 36 cents under the December board, about a penny firmer week over week and the firmest for the...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex was granted some additional support ahead of the Thanksgiving holiday, as most of the contracts closed higher. Some light cash cattle trade developed, but prices held mostly steady with Tuesday's business.

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