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USDA Mitchell, SD Wtd Averages

USDA Mitchell, SD Wtd Averages 01/16 09:15 AMS_2022 MARS Mitchell Livestock Auction - Mitchell, SD Mitchell Livestock Auction-Mitchell,SD Livestock Weighted Average Report for 01/15/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 5498 6340 5589 Compared to last week: Feeder steers up to 650 lbs. had a higher undertone, steers 650-950 lbs. sold 1.00-5.00 higher, steers over 950 lbs. sold on a higher undertone. Heifers up to 700 lbs. had a higher undertone, heifers 700-850 lbs. sold 1.00-6.00 lower, 850 lbs. and up had a higher undertone. Demand was good. We had many red hided feeders today for auction. The next feeder cattle auction will be Jan. 22nd,expecting 5000 plus feeders, starting at 8:30 am. Along with the auction on Jan. 22nd MLM will be holding the "Greater Mid West Auctioneer Contest" Looking at around 32 to compete for title. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 23 1010-1010 1010 297-297 297 10 1014-1014 1014 272-272 272 Fleshy 6 1072-1072 1072 238-238 238 Fleshy HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 30 418-418 418 482.5-482.5 482.5 35 450-494 475 472.5-502 485.82 109 510-547 530 425-457.5 440.44 110 552-596 580 391-425 409.13 8 613-613 613 384-384 384 Unweaned 271 602-647 616 372-426 406.38 5 662-662 662 351-351 351 Fleshy 336 652-695 674 366-394 376.18 303 702-739 725 350-381 360.76 48 709-746 728 322.5-340 335.15 Fleshy 37 758-781 771 330-333 331.81 Fleshy 335 753-799 777 336-354 344.24 40 808-835 827 307.8-330 317.81 Fleshy 385 811-848 834 324-338.5 330.27 52 852-899 873 325-329.5 327.52 23 914-916 915 324-328.5 326.93 54 952-952 952 285.5-285.5 285.5 Fleshy HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 301-301 301 470-470 470 11 392-397 395 505-540 516.54 15 454-495 484 427.5-460 435.63 30 509-531 512 400-417 402.35 21 562-590 580 322.5-382.5 368.41 19 615-628 626 311-370 360.85 39 719-719 719 331-331 331 4 912-912 912 322-322 322 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 1026-1026 1026 309-309 309 151 1050-1062 1057 309-323.25 312.96 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 391-391 391 635-635 635 44 410-445 437 554-625 570.35 41 472-496 483 480.21-552.5 537.99 71 500-541 526 467.5-547 504.39 37 561-587 574 442.5-486 467.26 269 601-647 627 421-451 432.83 163 650-692 659 398-438 427.8 427 705-747 728 376-409 391.16 158 777-798 784 359-365 361.73 Fleshy 172 764-796 789 367-387 370.74 3 815-815 815 342-342 342 Fleshy 427 802-840 825 352-365 357.87 15 853-853 853 307.5-307.5 307.5 Fleshy 331 850-896 863 340-360.5 355.17 34 921-921 921 318-318 318 Fleshy 302 904-947 922 331.5-356 342.69 183 958-983 966 330.5-340 334.35 56 998-998 998 325.5-325.5 325.5 Fleshy STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 22 451-461 455 475-475 475 20 607-639 618 418-422.5 420.87 15 694-694 694 375-375 375 Unweaned 19 737-737 737 369-377 374.05 3 760-760 760 357-357 357
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for March corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,704 contracts as of Jan. 20 and were net-sellers of 18,281 contracts during the CFTC reporting period following a bearish surprise in the Crop Production and WASDE reports released by USDA on Jan. 12.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 68,044 contracts as of Jan. 20 and were net-buyers of 19,121 contracts through the CFTC reporting period. The March 2026 contract is priced 7 3/4 cents lower than the May 2026 contract, mostly steady through the week. National average corn basis firmed a penny through the week to 35 cents under the March board.

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Commentary

DTN Aghost Early Word Livestock

DTN Aghost Early Word Livestock

Cattle futures are finding sufficient support to push higher on the anticipation of higher cash trade. Feeder cattle led the charge, pushing through resistance. Hogs ran out of steam, correcting for the overbought status.

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