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USDA Mobridge, SD Fdr Cattle Wtd Avg Report

USDA Mobridge, SD Fdr Cattle Wtd Avg Report 11/05 15:00 AMS_2025 MARS Mobridge Livestock Exchange (Thursday) - Mobridge, SD Mobridge Livestock Exchange-Mobridge,SD Livestock Weighted Average Report for 11/05/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 4114 6235 6485 Compared to last week: steer calves 450 to 499 lbs mostly steady, 500 to 649 lbs 20.00 to 30.00 lower. Heifer calves 450 to 499 lbs 20.00 to 26.00 lower, 500 to 549 lbs mostly steady. Good demand for calves today. A much lighter offering than expected due to muddy yards and roads, calves that cancelled today will be here next week. A nice variety of loads and packages, all coming off the cow. Most calves had full preconditioning or at least one full round of shots in the fall. Flesh ranged from light to moderate plus with some tag seen at times. A moderate to active market with a few less farmer feeders in the seats this week. The continued decline of the futures complex has put quite a bit of pressure on the market. Rain at the start of the week has slowed harvest and there has been little to no sun to dry things out this week. Next feeder cattle sale is Thursday, November 12, expecting over 7000. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 69 354-383 369 480-520 494.24 23 401-444 419 450-465 456.64 355 450-499 466 419-451 436.37 93 513-513 513 445-445 445 Replacement 388 510-544 524 370-434 406.36 192 551-569 560 354-375 365.48 176 581-583 582 400-400 400 Replacement HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 389-389 389 462.5-462.5 462.5 42 456-489 480 405-407.5 405.68 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 312-324 319 560-600 582.19 53 374-388 380 520-572.5 546.71 61 407-445 423 480-520 501.9 501 468-498 482 475-530 503.02 383 511-548 538 432.5-467.5 450.21 582 560-599 577 412-446.5 435.08 200 601-604 603 433-433 433 Fancy 388 603-641 619 382-419.5 404.76 180 666-671 669 408.25-408.25 408.25 15 701-701 701 341-341 341 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 36 390-392 391 500-510 504.86 7 482-482 482 415-415 415 43 533-533 533 401-401 401
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Market Strategies

CORN Strategies Snapshot

TREND: The trend in most active corn futures is considered sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 137,595 contracts as of Nov. 3, net-sellers of 63,677 contracts as traders reduced their net-length from early September by 75% as of the most recent CFTC report.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 137,516 contracts as of Nov. 3, and were net-buyers of 52,161 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/2 cents lower than the March 2027 contract, weakening (more carry) slightly through the week but in an overall strengthening trend since early August. National average corn basis firmed...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

It was a successful week for the livestock contracts! All three of the livestock markets ended the week Friday afternoon in a better position than what the market opened at on Monday morning -- praise God!

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