Morning Ag Markets – Matt Hines
Date: June 13th, 2018 Morning Ag Markets – Matt Hines Cattle futures were under pressure for most of the day yesterday but did come back to finish mixed for fats and only moderate losses for feeders. Lean hogs continue to build on recent strength with supportive cash prices and pork values. The Fed Cattle Exchange online auction will be later this morning with 596 head consigned compared to last week’s 568 head of which none were sold, 2 lots passed out at $110 live. Show lists appear to be bigger this week compared to last, $5 spike paid by packers can do that. The USDA supply and demand report was released yesterday morning with a few changes to both beef and pork. Beef production for…