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

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 03/13 11:20 MARS -, Livestock Weighted Average Report for - This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- N/A(): N/A(): 62 -------------------------------------------------------------------------------- Direct trading was at a standstill this week. Direct trading may pickup in the near future if Mother Nature doesn't start releasing some much needed moisture across both reporting areas. Fires continue across thousands of grazing acers and many of those acres will probably not grazed this summer. Time will tell! Feedlots felt the pressure from the outside of the market place this week along with a negative CME cattle boards throughout the week. Letting packers bid at lower money and willing sellers took the price to help keep market ready cattle moving through the supply chain. Live sales in Nebraska sold 5.00 lower at 235.00 and dressed sales sold 8.00 lower at 372.00 as the psychology has swung to the packer having the upper hand.
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for May corn is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 375,360 contracts as of March 24, and were net-buyers of 63,018 contracts during the CFTC reporting period as prices rallied on bullish influence from energy markets due to the ongoing war in the Middle East.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 314,222 contracts as of March 24, and were net-sellers of 58,599 contracts through the CFTC reporting period. The May 2026 contract is priced 11 3/4 cents lower than the July 2026 contract, widening (more carry) through the week, and still among the highest degree of carry between the two contracts...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

Livestock futures started the Thursday session with very limited interest, allowing prices to hold limited gains in cattle futures through early hours of trade, but softness developed in feeder cattle and lean hog trade during late morning trade.

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