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USDA Lamoni, IA Weighted Average

USDA Lamoni, IA Weighted Average 05/07 15:05 AMS_2158 MARS Lamoni Livestock Feeder Cattle - Lamoni, IA Lamoni Livestock Auction-Lamoni,IA Livestock Weighted Average Report for 05/07/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 986 2735 1689 Compared to the sale two weeks ago, steers sold mostly 4.00 to 24.00 higher. Heifers were not well compared, however did they sell with a higher undertone noted. Demand was moderate to good today, however vaccinated and weaned cattle brought very good demand. Supply was light to moderate and offered mostly smaller packages. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 581-581 581 363-363 363 4 708-708 708 340-340 340 Unweaned 4 788-788 788 300-300 300 HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 1144-1144 1144 239-239 239 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 346-346 346 500-500 500 19 424-435 432 508-516 511.49 6 480-480 480 493-493 493 65 501-544 533 449-471 458.4 44 551-574 566 425-446.5 443.84 10 585-585 585 400-400 400 Unweaned 12 606-606 606 400-400 400 Unweaned 16 618-642 635 374-400 379.37 31 655-658 658 374-389 387.07 9 732-732 732 329.5-329.5 329.5 Unweaned 7 828-828 828 328-328 328 4 904-904 904 285-285 285 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 16 501-546 524 400-445 430.38 11 612-633 627 357-383 363.92 5 648-648 648 359-359 359 Unweaned STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 71 400-447 444 550-600 593.37 36 463-484 471 537.5-564 551.04 120 519-545 528 515-525 523.01 49 552-587 569 473-515 490.98 14 586-586 586 466-466 466 Unweaned 6 623-623 623 418-418 418 Unweaned 13 624-633 630 428-431 429.86 34 655-683 663 385-404 397.98 Unweaned 54 650-693 671 400-427 416.37 13 703-747 726 389-401 392.81 52 752-765 763 380.5-396.5 383.53 6 817-817 817 377-377 377 Unweaned STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 12 363-363 363 600-600 600 6 458-458 458 527.5-527.5 527.5 17 504-543 515 475-511.5 500.19
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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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