Morning Ag Markets – Matt Hines
Date: June 18th, 2018 Morning Ag Markets – Matt Hines Cash feedlot trade was hard to pin down last week as scattered light trade was reported at $110 live and $178 dressed, sharply lower than the week previous. Friday afternoon some trade was reported at $110 to $113 live, still $2 to $5 lower than the week previous. Boxed beef demand is strong but prices have pulled back some from their peak in late May. Exports will continue to be the key driver and some concern moving forward with all the trade issues currently. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 06/15/2018 RECEIPTS: Auctions Direct Video/Internet Total This Week 179,900 56,400 80,200 316,500 Last Week 217,300 35,500 6,100 258,900 Last Year 146,700 32,500…