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USDA Herreid, SD Wtd Averages

USDA Herreid, SD Wtd Averages 03/13 16:50 AMS_2024 MARS Herreid Livestock Market - Herreid, SD Herreid Livestock Market-Herreid,SD Livestock Weighted Average Report for 03/13/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1980 4603 5130 A much lighter offering than last week with best test on steers 700 to 749 lbs steady to 3.00 lower and 900 to 949 lbs 10.00 to 15.00 lower. Heifers 600 to 699 lbs 8.00 to 10.00 higher. Today's offering featured home raised cattle selling mostly in packages and a couple strings of backgrounded steers. Light fleshed cattle suitable for grass or backgrounding operations see good to very good demand while finishing type cattle, especially those carrying flesh or tag see moderate demand. Quality varied, from plain to attractive. A moderate to active market with the usual order buyers and a few farmer feeders in the seats. Recent uncertainty in the futures complex has put pressure on the market and buyers are much more cautious than they had been several weeks ago. A winter storm in the forecast for this weekend with up to 10 inches of snow expected in some areas as well as high winds. Next feeder cattle sale is Friday, March --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 432-432 432 512.5-512.5 512.5 17 473-473 473 495-495 495 74 508-533 525 435-464 442.26 9 583-583 583 410-410 410 134 609-636 622 389-418 408.06 195 662-698 686 371-401 382.83 11 795-795 795 336-336 336 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 56 1032-1032 1032 315.25-315.25 315.25 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 43 511-543 535 472.5-498 491.77 73 572-595 586 457-488 469.17 57 629-629 629 441.5-441.5 441.5 143 652-665 656 434-451 444.23 204 706-745 722 383.5-407 394.21 179 751-796 772 375.5-383 379.24 119 815-830 825 341-366.75 362.63 96 852-869 864 352-357.5 355.75 341 933-948 940 334.75-338 336.88 65 960-960 960 320-320 320
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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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