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USDA Erickson/Spalding Wtd Avg

USDA Erickson/Spalding Wtd Avg 05/02 18:00 AMS_1853 MARS Ericson Livestock Market - Ericson, NE Ericson-Ericson,NE Livestock Weighted Average Report for 05/02/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 4028 3289 2313 First reported auction in three weeks a trend is not applicable. Demand was moderate to good from the buyers in the crowd and on the internet. Supply included yearlings and weaned fall calves with consignments of bawling calves mixed in the run. Majority of the bawling calves had received at least one round of pre-weaning vaccinations. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 703-703 703 400-400 400 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 1014-1014 1014 292-292 292 5 367-367 367 565-565 565 Thin Fleshed 8 400-400 400 545-545 545 Thin Fleshed 5 414-414 414 525-525 525 Unweaned 40 426-443 433 500-530 519.02 10 450-450 450 540-540 540 Unweaned 108 462-482 481 495-496 495.94 119 500-542 525 450-480 462.91 25 517-539 533 445-465 454.51 Unweaned 18 554-554 554 435-435 435 Unweaned 196 569-579 575 432.5-451 449.39 96 610-629 618 414-431 424.56 131 655-670 661 405-413 409.08 65 681-681 681 2775-2775 2775 Replacement 69 705-716 713 375-377 375.52 74 751-751 751 384-384 384 Replacement 280 754-798 777 350-376 361.44 238 800-834 819 346-354.5 351.1 18 852-852 852 354.5-354.5 354.5 Thin Fleshed 11 897-897 897 321-321 321 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 395-395 395 495-495 495 5 474-474 474 457.5-457.5 457.5 15 533-533 533 425-435 431 13 560-560 560 422.5-422.5 422.5 Thin Fleshed 8 565-565 565 407-407 407 13 602-602 602 388-388 388 18 683-683 683 370-370 370 5 728-728 728 351-351 351 HEIFERS - Medium and Large 2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 9 491-491 491 405-405 405 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 1012-1012 1012 307.5-307.5 307.5 Fleshy 5 397-397 397 630-630 630 8 399-399 399 610-610 610 Unweaned 19 424-449 431 550-570 555.49 123 477-492 488 576-580 577.05 Thin Fleshed 53 501-541 515 537.5-560 549.53 Thin Fleshed 13 527-527 527 545-545 545 Unweaned 36 542-544 543 500-505 502.37 41 550-567 560 500-511 506.52 Unweaned 83 551-574 563 490-515 509.92 5 600-600 600 457.5-457.5 457.5 Unweaned 150 602-602 602 492.5-492.5 492.5 Thin Fleshed 91 645-649 647 442.5-462.5 451.92 12 656-656 656 455-455 455 Thin Fleshed 32 686-688 686 421.5-428 422.72 332 703-741 730 401-424 412.58 186 764-788 780 382-399 395 6 816-816 816 356-356 356 Fleshy 554 825-848 842 377.25-382 379.86 141 858-896 878 361.25-374 367.04 51 948-948 948 346-346 346 118 958-961 959 349.5-358 354.03 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 433-433 433 535-535 535 7 481-481 481 492.5-492.5 492.5 46 518-543 536 485-492.5 490.61 16 644-644 644 415-415 415 11 678-678 678 415-415 415 STEERS - Medium and Large 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 475-475 475 310-310 310
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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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