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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 01/21 07:55 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 01/20/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 7014 0 0 Sale not recently reported therefore no market comparison may be made. Very Good Demand for Many Long Strings, Load Lots, and Many Packages of Feeder Steers and Feeder Heifers which all sold on a Strong, Active Market. The Offering consisted nearly entirely of Home Raised Cattle with an attractive presentation. Cattle displayed clean, open hair with very little to no tag, weighup was mostly favorable, and Flesh was mostly Light to Moderate with a couple instances of Moderate Plus. The seats were full of buyers and the Internet was active as well. The Next Feeder Cattle Sale is February 10. Enjoy the Black Hills Stock Show! --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 19 643-643 643 395-395 395 HEIFERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 462-462 462 445-445 445 7 705-705 705 366-366 366 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 14 382-382 382 542.5-542.5 542.5 24 408-436 423 487.5-512.5 498.29 43 451-493 476 470-507.5 488.64 157 510-543 521 437.5-517 473.03 345 557-599 576 421-440 436.85 62 591-591 591 402-402 402 Unweaned 295 601-639 615 402.5-435 417.04 9 638-638 638 390-390 390 Full 546 656-698 676 380.5-404 394.71 470 703-742 713 370-384 380.35 213 752-799 769 348-375 368.45 78 808-808 808 364-364 364 431 851-882 862 342-342 342 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 445-445 445 460-460 460 5 474-474 474 420-420 420 39 690-690 690 372-372 372 63 783-783 783 342-342 342 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 507-507 507 502.5-502.5 502.5 41 670-676 674 395-402 397.04 7 793-793 793 362.5-362.5 362.5 27 846-846 846 363-363 363 STEERS - Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 16 759-759 759 351-351 351 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 58 731-740 734 373-374 373.64 13 783-783 783 348-348 348 Unweaned STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 391-391 391 625-625 625 22 415-448 439 570-622.5 583.54 78 454-498 480 515-565 530.18 142 502-549 520 475-545 520.37 32 558-558 558 530-530 530 Thin Fleshed 307 557-597 581 440-504 466.84 17 621-623 622 412.5-425 420.6 Full 17 621-623 622 412.5-425 420.6 Full 115 651-686 678 406-412 410.75 Unweaned 307 655-699 687 410-432.5 421.15 631 705-745 721 382.5-422.5 405 7 728-728 728 379-379 379 Full 512 750-796 774 370.5-395.5 381.12 15 761-787 777 362.5-366 363.87 Full 619 801-825 811 373-382.5 376.66 67 826-826 826 350-350 350 Fleshy 141 896-899 898 370.25-370.25 370.25 349 901-917 913 370.25-370.25 370.25 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 473-473 473 512.5-512.5 512.5 11 522-522 522 492.5-492.5 492.5 34 554-559 556 440-472.5 459.05 34 668-668 668 408-408 408 43 715-715 715 385-385 385
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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 51,704 contracts as of Jan. 20 and were net-sellers of 18,281 contracts during the CFTC reporting period following a bearish surprise in the Crop Production and WASDE reports released by USDA on Jan. 12.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 68,044 contracts as of Jan. 20 and were net-buyers of 19,121 contracts through the CFTC reporting period. The March 2026 contract is priced 7 3/4 cents lower than the May 2026 contract, mostly steady through the week. National average corn basis firmed a penny through the week to 35 cents under the March board.

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

Cattle futures are finding sufficient support to push higher on the anticipation of higher cash trade. Feeder cattle led the charge, pushing through resistance. Hogs ran out of steam, correcting for the overbought status.

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