Morning Ag Markets – Matt Hines
Date: June 6th, 2018 Morning Ag Markets – Matt Hines Cattle futures held strong gains yesterday as live cattle futures hit a new 3-week high and feeders now showing a key reversal higher on the charts. No cash feedlot trade yet this week with bids and offers still some $7+ apart. The Fed Cattle Exchange online auction will be later this morning with 568 head consigned compared to last week’s 449 head of which 225 sold at $110 live. Cash hogs and feeders are sharply higher this week. A few salebarns took off last week for the Memorial Day holiday, so prices from OKC were compared to 2 weeks ago at $3 to $7 higher for calves and feeders. Calf trade in El Reno yesterday…