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USDA Philip, SD Wtd Averages

USDA Philip, SD Wtd Averages 11/12 02:00 AMS_2023 MARS Philip Livestock Auction - Philip, SD Philip Livestock Auction-Philip,SD Livestock Weighted Average Report for 11/11/2025 - Final Auction This Week Last Reported Last Year ------------------------------------------------------------ Total Receipts: ------------------------------------------------------------ FEEDER CATTLE 6471 6703 5500 Compared to last week Feeder Steers 350 to 450 15.00 to 20.00 higher, 450 to 550 10.00 to 15.00 lower, 550 to 700 5.00 to 10.00 lower, Feeder Heifers under 450 5.00 to 10.00 higher, 450 to 600 Steady to 5.00 lower, 600 to 650 10.00 higher. Good Demand in the seats and on the internet for Several Long Strings and Many Load Lots and Packages of Feeder Steers, Feeder Heifers, and Replacement Heifers which sold on an Active Market. Nearly the entire Offering came off grass and straight off the cow and carried Light to Moderate Flesh. All the Spring Calves were fully vaccinated with shots both Spring and Fall. The Next Feeder Cattle Sale is November 18. --------------------------------------------------------------- FEEDER CATTLE --------------------------------------------------------------- BULLS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 556-556 556 355-355 355 HEIFERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 5 1030-1030 1030 287.5-287.5 287.5 88 479-498 493 396-417.5 404.83 HEIFERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 47 603-603 603 372-372 372 HEIFERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 70 376-399 394 487.5-512.5 493.81 91 413-446 435 440-485 451.24 202 459-498 480 400-460 449.46 315 504-513 508 472.5-492.5 486.99 Replacement 444 500-546 527 390-449 424.02 553 551-593 563 380-429 407.51 228 611-648 618 385-391 390.08 HEIFERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 10 398-398 398 451-451 451 43 435-441 437 435-439 437.87 STEERS - Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 14 497-499 498 465-480 472.48 10 511-511 511 435-435 435 52 578-599 590 386-411 398.49 48 614-640 620 367.5-386 379.08 STEERS - Medium 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 28 416-416 416 492.5-492.5 492.5 86 504-548 540 437.5-452.5 439.94 STEERS - Medium 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 20 532-532 532 425-425 425 STEERS - Medium and Large 1 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 28 382-394 391 595-610 598.14 89 413-445 431 510-565 536.89 239 459-495 476 490-542.5 507.8 705 507-548 520 450-509.5 482.11 1319 551-599 576 419-465 439.27 907 602-648 631 394-437.5 416.02 391 655-679 664 387.5-392 389.13 10 729-729 729 362.5-362.5 362.5 STEERS - Medium and Large 1-2 (Per Cwt/Actual) Head Wt Range Avg Wt Price Range Avg Price 6 391-391 391 520-520 520 24 435-445 441 477-490 484.66 19 466-466 466 475-475 475 69 520-542 539 422.5-431 428.57 17 565-565 565 412.5-412.5 412.5
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for December corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 92,353 contracts as of Oct. 7, an increase of 11,046 contracts during the CFTC reporting period as traders had sold ahead of the peak of U.S. corn harvest.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 117,716 contracts as of Oct. 7, the most recent CFTC data. The December 2025 contract is priced 12 cents lower than the March 2026 contract, a spread that narrowed over the week, tying the firmest close since April. DTN's National Corn Index implies a corn basis of 36 cents under the December board, about a penny firmer week over week and the firmest for the...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

The livestock complex was granted some additional support ahead of the Thanksgiving holiday, as most of the contracts closed higher. Some light cash cattle trade developed, but prices held mostly steady with Tuesday's business.

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