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USDA Bassett, NE Weighted Average

USDA Bassett, NE Weighted Average 05/06 15:30 AMS_1852 MARS Bassett Livestock Auction - Bassett, NE Bassett-Bassett,NE Livestock Weighted Average Report for 05/06/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1547 6345 4063 Compared to two weeks ago heavy supply, most weights of steers sold 4.00 to 9.00 higher with flat 6 and 9 weight steers 14.00 higher. Heifers less than 650 lbs sold 4.00 to 8.00 higher and 7 weights sold 1.00 higher. Demand was good to instances very good. Offerings comprised of weaned and bawling fall calves with a few yearlings in the run. Some of the fall born bawling steer and heifer calves were not discounted for not being weaned and brought the top price in some weight groups. Moderate crowd of buyers on the seats with a very active bidding and buying on the internet. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 612-612 612 440-440 440 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 350-352 351 555-555 555 25 434-446 438 515-525 518.18 18 455-473 466 480-485 483.59 123 520-543 536 455-479 473.49 19 553-557 555 435-445 439.47 33 603-627 615 420-432 425.77 36 665-691 682 382.5-405 394.35 74 704-704 704 396-396 396 83 750-796 774 354-375 361.4 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 22 478-492 481 572.5-599 584.3 94 515-548 519 530-545 541.28 389 574-598 585 491.5-525 500.78 106 609-632 625 467.5-490 474.41 46 650-687 674 452.5-505 471.06 7 743-743 743 400-400 400 18 751-766 761 385-391 386.97 152 800-802 800 373-396 393.88 68 865-865 865 378.75-378.75 378.75 77 915-930 917 340-362 358.81 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 492-492 492 545-545 545 11 695-695 695 411-411 411 8 809-809 809 363-363 363
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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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