Morning Ag Markets – Matt Hines
Date: June 26th, 2018 The bearish Cattle on Feed and Cold Storage reports from last Friday pressured cattle futures on Monday, live cattle to limit lower and feeders $3+ lower. There is a sharp decline in show lists this week, slaughter last week was the largest of the year at 664K head and expected to be near that level again this week. A couple thousand head of cash fats confirmed for Monday at $108 to $109 live and $170 to $172 dressed, steady to $2 lower from the majority of last week’s trade. Monday’s salebarns…Joplin with 9,442 head compared to 7,280 last week. Compared to last week, steer and heifer calves steady to mostly $3 to $5 lower, yearlings steady to $3 lower. OKC had…