Morning Ag Markets – Pete Loewen
June 19, 2018 Morning Ag Markets Pete Loewen Cattle complex futures finished the day with a mixed bag of closing quotes, some higher and some lower. Front end June fats were down a little bit, but the front end August feeders were up $1 even and the strongest close of anything in cattle. Hogs shot actively higher on the front end, responding to the fact cash and product trade continues to hold really solid high numbers and yesterday’s kill was sharply reduced as well. This Friday we get monthly COF numbers released and the expectations look friendly for the most part. The On Feed total on June 1 is expected in a ranged from 102.8% of a year ago, up to 104.2% larger on the…