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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 03/17 22:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 03/17/2026 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 1054 2292 3006 The most recent Feeder Cattle sale was three weeks ago, therefore no market comparison may be made. Good Demand both in the seats and on the internet for Several Load Lots and Several Packages of Feeder Steers, Feeder Heifers, and a Package of Replacement Heifers which all sold on a Moderate to Active Market. Today's Offering consisted entirely of Home Raised Cattle which had been weaned a long time, and had multiple rounds of vaccinations. The presentation was attractive displaying clean, open haired cattle carrying Light to Moderate Flesh, with mostly favorable weigh-up conditions. The Next Feeder Cattle Sale is April 7. Have a Great Easter Celebration! --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 53 499-499 499 500-500 500 46 574-599 589 416-431 422.04 24 617-636 623 397-410 401.42 19 673-673 673 400-400 400 154 709-744 724 370-386 374.34 61 763-768 764 365-368 365.35 26 908-908 908 340-340 340 Replacement HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 626-626 626 375-375 375 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 89 698-698 698 407-407 407 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 520-520 520 490-490 490 56 620-620 620 449-449 449 175 693-697 695 420.5-425.5 423.01 150 712-721 717 414.5-417.5 415.99 89 751-762 761 390-398 397.2 13 833-842 839 354-358 355.22 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 11 724-724 724 395-395 395
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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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