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USDA WY,W.NE,SW SD&W.ND Fdr Cattle

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 05/23 12:10 MARS -, Livestock Weighted Average Report for - This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- N/A(): -------------------------------------------------------------------------------- Direct trading was at a standstill in both reporting regions as buyers are having a hard time finding cattle to procure. Reporting was also inactive a year ago on this report. Some cattle are hitting the summer grass with other yearlings slated for summer turnout have been sold due to lack of spring moisture; grass growth is minimal to sustain cattle for the summer. With record prices prevailing, sellers are turning a good profit by selling now instead of off summer grass this summer. Nebraska feedlots' sales continue to set all-time high prices. Live sales sold 1.00-2.00 higher from 230.00-231.00. Bulk of the dressed sales sold 2.00 higher from 360.00-370.00, mostly at 360.00. Hope everyone has a safe and fun Memorial Day weekend.
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is down.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 95,494 contracts as of June 10, an increase of 14,435 contracts as solid crop conditions and friendly weather kept sellers active during the CFTC reporting period.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 114,551 contracts as of June 10, an increase of 9,826 contracts, week-over-week. The July 2025 contract is priced 16 cents higher than the September 2025 contract, a spread that strengthened significantly over the past week. DTN's National Cash Index indicated that corn basis firmed over the most recent week to 22 cents under the July board, an improvement of 1 cent on the...

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Commentary

DTN Ag Host Midday Livestock

DTN Ag Host Midday Livestock

Traders' concerns about the livestock complex being overbought and over-extended have resurfaced today as all three of the livestock markets are trading lower into Tuesday's noon hour. Southern asking prices are noted at $238 plus, but no trade has developed yet.

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