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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 05/01 14:20 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 05/01/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2079 2238 0 No sale last week due to light receipts, compared to two weeks ago: best test on steers 1000 to 1049 lbs 5.00 higher. Heifers not well compared. Very good demand for today's offering featuring mostly loads and strings of big, finishing type cattle including several strings of home raised cattle. Lots of attractive quality cattle to choose from, most in moderate to moderate plus flesh with some heavy flesh at times. An active market with many opportunities to buy multiple loads of same man's cattle which buyers took advantage of. The weather has remained cool and it has still been freezing overnight, a warmer weekend is expected. Bred cattle and pairs will be featured in next week's sale, next feeder cattle sale will be the Annual Spring BBQ Sale on Friday, May 15, expecting 10,000 head or more. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 400-400 400 557.5-557.5 557.5 21 497-497 497 492.5-492.5 492.5 10 503-503 503 490-490 490 133 608-625 620 425-434 427.52 285 701-745 710 381-402.75 399.29 11 759-759 759 387-387 387 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 533 1011-1045 1027 332.5-345 340.95 60 1050-1050 1050 332.5-332.5 332.5 102 1124-1140 1132 326-326 326 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 468-468 468 593-593 593 9 507-507 507 545-545 545 52 594-594 594 488.5-488.5 488.5 29 606-637 622 460-487 468.64 19 723-723 723 439-439 439 144 807-848 820 376-391 386.29 403 913-947 923 341.5-362.25 353.09 70 971-971 971 358-358 358 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 13 748-748 748 404-404 404
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 383,537 contracts as of May 12 and were net-sellers of 49,847 contracts during the CFTC reporting period as traders booked profits on length amid renewed peace efforts in the Middle East and few issues for U.S. planting thus far.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 259,956 contracts as of May 12 and were net-buyers of 108,892 contracts through the CFTC reporting period. The July 2026 contract is priced 7 1/2 cents lower than the September 2026 contract, widening (more carry) through the week and to the highest degree of carry between the two contracts...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex ended the day mixed, with the cattle contracts able to rally mildly through the day's end, while the lean hog contracts continue to struggle. Still no cash cattle trade has developed.

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