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USDA Sheldon, IA Weighted Average

USDA Sheldon, IA Weighted Average 05/07 14:15 AMS_2154 MARS Sheldon Livestock Slaughter Cattle - Sheldon, IA Sheldon Livestock Auction-Sheldon,IA Livestock Weighted Average Report for 05/07/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ SLAUGHTER CATTLE 392 628 409 Compared to last Thursday: Choice slaughter steers were steady to 2.00 lower. Choice slaughter heifers 3.00-4.00 lower. No implant and steers over 1600 lbs bringing a premium today. CME live cattle futures down 3.00. The auction consisted of a load lot of heifers, several half loads and many smaller strings. Good demand for this moderate offering of quality cattle. --------------------------------------------------------------- SLAUGHTER CATTLE --------------------------------------------------------------- BEEF/DAIRY STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 10 1304-1518 1390 235-240 237.82 Average DAIRY HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 4 1280-1343 1327 223-227 226.04 Average DAIRY HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 4 1345-1593 1507 219-220 219.47 Average DAIRY STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 9 1710-1803 1751 232-237 234.71 Average DAIRY STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1530-1555 1551 226-229 228.58 Average 3 1772-1772 1772 229-229 229 Average Certified Prgms HEIFERS - Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 82 1410-1509 1440 255.25-259.75 257.03 Average 19 1369-1613 1478 254-259.25 257.4 Average Certified Prgms 2 1653-1653 1653 255.5-255.5 255.5 Average Heavy Weight HEIFERS - Select and Choice 2-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 19 1050-1225 1173 250-265 253.73 Average Return to Feed 11 1220-1498 1361 248-253.5 249.42 Average STEERS - Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 28 1408-1455 1445 255.5-260 256.45 Average STEERS - Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 17 1515-1554 1538 257-259.25 258.34 Average 38 1604-1797 1653 256.5-261 258.56 Average Heavy Weight 24 1586-1718 1662 255.5-261.25 257.78 Average Certified Prgms STEERS - Select and Choice 2-3 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 4 1210-1210 1210 259-259 259 Average Return to Feed STEERS - Select and Choice 3-4 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price Dressing 7 1550-1555 1554 250-252 251.72 Average 31 1513-1854 1741 250.75-253.75 252.08 Average Certified Prgms 12 1635-1804 1790 251-252 251.08 Average Heavy Weight
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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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