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USDA Lexington, NE Weighted Average

USDA Lexington, NE Weighted Average 04/18 17:35 AMS_1849 MARS Lexington Livestock Market - Lexington, NE Lexington-Lexington,NE Livestock Weighted Average Report for 04/18/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2879 1773 0 First reported sale in three weeks a market comparison is not applicable. However, a higher undertone was noted on most weights of steers and heifers. Demand was good to very good on this "Good" Friday. Bidding was fast paced throughout the day on packages and load lots alike. Run comprised of bawling fall calves, weaned fall calves and yearling cattle. Didn't matter to the buyers on the fall calves if they were weaned or bawlers. Just getting possession of the light weight cattle was there main goal. Some cattle sold over the internet and are heading to out of state feedlots. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 394-394 394 437.5-437.5 437.5 5 525-525 525 355-355 355 HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 22 493-493 493 325-325 325 16 887-887 887 256-256 256 Fleshy 7 910-910 910 239-239 239 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 13 302-345 332 425-435 432.2 52 372-391 379 357-397 383.7 15 427-438 434 346-350 347.58 234 456-494 481 351-385 371.29 99 518-543 532 323-339 330.75 135 552-587 572 316-336 324.45 169 621-649 633 309-330.5 319.03 6 665-665 665 277-277 277 Full 47 661-688 673 291-306 301.4 47 717-723 718 283.5-285 284.16 21 743-743 743 275-275 275 Fleshy 26 764-764 764 259-259 259 Fleshy 182 759-771 768 277.75-278.5 277.93 70 826-830 829 263.5-271.5 269.91 5 845-845 845 231-231 231 Fleshy 29 850-850 850 256-256 256 7 895-895 895 231-231 231 Fleshy 69 942-942 942 250.5-250.5 250.5 22 968-968 968 238.5-238.5 238.5 Fleshy HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 361-361 361 450-450 450 Thin Fleshed 71 460-475 465 325-345 334.21 29 556-581 561 281-305 299.86 6 665-665 665 270-270 270 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 676-676 676 319-319 319 8 715-715 715 286.5-286.5 286.5 16 827-827 827 269.5-269.5 269.5 6 999-999 999 256-256 256 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 39 363-367 366 405-440 416.58 47 405-426 417 415-445 429.27 86 471-480 479 425.5-427 425.67 83 503-514 508 401-405 402.17 135 550-590 569 353.5-374 368.35 128 600-607 606 354.5-361 357.78 156 650-659 656 346-350 348.76 70 705-734 709 304-330 326.67 39 777-777 777 296.5-296.5 296.5 Fleshy 79 790-795 792 301-309.5 306.91 9 804-804 804 288-288 288 57 896-896 896 290.25-290.25 290.25 58 944-944 944 269.5-269.5 269.5 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 275-275 275 480-480 480 6 381-381 381 425-425 425 5 412-412 412 427.5-427.5 427.5 Thin Fleshed 19 410-449 437 378-414 403.33 11 463-463 463 380-390 382.73 32 541-547 543 367-387 380.7 21 552-590 577 351-360 353.87 12 628-628 628 340-340 340 30 660-660 660 336-336 336
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 219,843 contracts of corn as of April 22, a decrease of 14,339 contracts week over week as traders booked some profits on longs following a strong rally in corn price the prior week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net short position of 161,479 contracts as of April 22, a decrease of 17,620 contracts week over week. The May 2025 contract is priced 6 3/4 cents below the July 2025 contract, a slight narrowing in the spread from last week. DTN's National Corn Basis continued to climb over the past week to 33 cents under the July board, an improvement of 1 cent week over week.

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a fruitful day for the livestock complex as all three of the markets ended the day stronger. It was especially a big-hitting week for the cattle complex as traders pushed the contracts higher through Friday's close thanks to the added support of yet-again record-breaking cash cattle prices.

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