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

USDA WY,W.NE,SW SD&W.ND Fdr Cattle 09/04 10:20 AMS_3237 MARS Wyoming-Nebraska Direct Cattle Report Direct Livestock - Cattle-N/A,OK Livestock Weighted Average Report for 08/31/2026 - Final This Week Last Reported -------------------------------------------------------------------------------- Total Receipts: -------------------------------------------------------------------------------- FEEDER CATTLE(Delivered): 207 N/A(): -------------------------------------------------------------------------------- No resent transactions for a market comparisons. Demand moderate. Supply was light. Quite a few contacts out taking delivery on early summer video cattle. Some lots are way over on projected weights when the cattle were sold on the video. Most video sales have weight stops at 25 lbs and some reports cattle are 40 to 50 lbs over. So the producers is giving pounds away. But, at the prices that these cattle were sold at the seller still has a smile on there face. Nebraska feedlots, sold dressed sales steady at 345.00 and live sales sold steady to 4.00 lower at 218.00. At these price levels most closeouts are in the red. However, optimize on replacing cattle into empty pens remains good. Supply included: 100% Feeder Cattle (100% Steers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2-3% shrink or equivalent, with a 10-12 cent slide > 600 lbs. -------------------------------------------------------------------------------- FEEDER CATTLE -------------------------------------------------------------------------------- STEERS - Medium and Large 1-2 (Per Cwt/Estimate) Delivery Head Wt Range Avg Wt Price Range Avg Price -------- ---- -------- ------ ------------- --------- Current 70 674 674 350.00 350.00 137 724 724 338.00 338.00
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CORN Strategies Snapshot

TTREND: The trend in most active corn futures is higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 535,801 contracts as of Sept. 22, closing in on the all-time record of 547,677 contracts set in late January of 2021. Traders were net-sellers of 6,583 contracts as prices have been in a holding pattern ahead of the advancing U.S. harvest.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 474,811 contracts as of Sept. 22, and were net-buyers of 2,034 contracts through the CFTC reporting period. The December 2026 contract is priced 13 3/4 cents lower than the March 2027 contract, a spread which has now firmed in seven of the past eight weeks as crop size...

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Commentary

AgHost Livestock Close

AgHost Livestock Close

All in all it was a quiet day for the livestock complex as the market still hasn't traded any sizeable volume yet in the fed cash cattle market. Thankfully the cattle contracts were able to keep their stronger position through the day's end even without knowing what the cash market was going to do this week.

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