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USDA Bassett, NE Weighted Average

USDA Bassett, NE Weighted Average 05/28 17:55 AMS_1852 MARS Bassett Livestock Auction - Bassett, NE Bassett-Bassett,NE Livestock Weighted Average Report for 05/28/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 2992 4063 1480 First reported sale in three weeks a trend is not applicable. Demand was good to very good from the buyers in house and on the internet. Around 120 head of bawling calves sold in the mix and a much higher undertone was noted. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 417-417 417 409-409 409 Unweaned 74 422-446 438 435-450 444.35 19 437-442 440 420-425 422.65 Full 32 474-487 484 404-415 406.69 27 534-534 534 387.5-387.5 387.5 Unweaned 27 534-534 534 387.5-387.5 387.5 Unweaned 173 510-546 536 376-391 382.87 81 551-597 571 359.5-372 364.05 10 601-601 601 343-343 343 Unweaned 74 620-624 623 364-369 365.41 Fancy 96 609-642 628 336-351 342.89 14 666-666 666 351-351 351 Fancy 47 654-686 667 322.5-336 329.66 73 704-704 704 326.5-326.5 326.5 Fancy 55 713-742 734 298-310 308.09 17 753-772 761 282.5-299 292.11 60 818-818 818 303.75-303.75 303.75 Fancy 49 832-847 841 272.5-286.25 283.63 18 896-896 896 279-279 279 23 900-914 907 264-264.5 264.24 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 7 390-390 390 402.5-402.5 402.5 7 457-457 457 385-385 385 22 517-538 523 352.5-355 353.2 11 570-570 570 342-342 342 5 675-675 675 310-310 310 6 701-701 701 290-290 290 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 8 384-384 384 492.5-492.5 492.5 19 421-447 436 457-457 457 14 465-465 465 450-450 450 Unweaned 35 451-473 467 465-480 475.86 5 486-486 486 437.5-437.5 437.5 Full 49 508-535 524 428-447 439.72 22 527-531 529 415-420 417.28 Full 133 535-539 538 470-475 471.16 Fancy 42 568-568 568 399-399 399 Unweaned 72 570-570 570 431-431 431 Fancy 28 564-591 573 391-401 397.68 Full 108 605-645 626 375-391 385.75 108 605-645 626 375-391 385.75 15 650-650 650 374-374 374 Unweaned 72 675-698 690 348-369 358.54 221 702-745 724 334-359 350.06 20 781-798 793 321-324 323.11 126 800-819 814 319.5-324 321.73 285 853-899 888 298-306.5 304.91 105 967-967 967 291-291 291 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 18 520-538 529 390-407.5 399.3 77 569-585 570 370-372.5 372.33 7 692-692 692 335-335 335 5 747-747 747 322-322 322 27 885-899 893 278.5-282 280.59
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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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