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USDA Russell, IA Weighted Average

USDA Russell, IA Weighted Average 03/16 14:00 AMS_2159 MARS Russell Livestock Feeder Cattle - Russell, IA Russell Livestock Auction - Iowa-Russell,IA Livestock Weighted Average Report for 03/16/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1278 3611 0 Compared to the sale two weeks ago, steers sold mostly steady to 15.00 higher. Heifers sold mostly steady to 5.00 lower. Demand was good today. Supply was light and included a few load lots. The majority of the cattle sold were 7-weight steers and 6-weight heifers. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 912-912 912 290-290 290 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 13 362-398 390 540-545 541.07 7 444-444 444 497.5-497.5 497.5 8 485-485 485 428-428 428 Unweaned 25 450-495 486 443-462.5 448.49 49 506-536 525 427.5-450 432.79 4 533-533 533 405-405 405 Unweaned 30 556-576 560 417-437 432.89 83 644-644 644 397.5-397.5 397.5 114 651-679 662 366-393 379.46 26 710-731 722 336-371 358.78 9 813-817 815 310-312.5 311.39 5 940-940 940 265-265 265 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 15 379-392 389 490-497.5 496.04 30 472-498 484 420-432 426.63 3 625-625 625 370-370 370 6 722-722 722 335-335 335 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 311-311 311 615-615 615 28 375-393 383 570-605 589.51 45 411-449 444 546-585 550.8 29 452-478 469 525-532 529.04 7 478-478 478 500-500 500 Unweaned 86 501-545 530 498-534 508.77 29 586-598 593 460-480 469.69 3 597-597 597 407.5-407.5 407.5 Unweaned 5 604-604 604 395-395 395 Unweaned 99 606-637 628 450-466 454.52 76 650-697 662 405-434 427.13 123 702-748 726 386-415 399.75 114 755-768 761 384-393 388.77 25 807-840 825 355-367 360.16 3 872-872 872 330-330 330 11 913-918 916 325-339 331.34 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 4 343-343 343 565-565 565 12 386-386 386 506-506 506 8 401-448 425 470-505 486.53 13 450-453 452 481-517.5 489.38 25 550-587 567 415-440 429.43 3 710-710 710 325-325 325 4 843-843 843 298-298 298
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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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