Morning Ag Markets – Matt Hines
Date: May 30th, 2018 Morning Ag Markets – Matt Hines Live cattle futures were under pressure all day yesterday with light cash trade at lower prices last week along with outside markets providing pressure to start this week. NE trade reported yesterday on 1,250 head at $109 live matching the low end of last week’s trade. It will be interesting to see how cash feedlot trade develops this week as packers had been buying for deferred shipments previously entering this post-holiday shortened trading week. Feeders held mild gains when corn flipped lower during the day. Most sale barns closed early this week with calf trade in El Reno, OK yesterday reporting steady to $2 higher for steers and $3 to $6 higher for heifers. Cattle…