Morning Ag Markets – Matt Hines
Date: July 2nd, 2018 Cash feedlot trade last week was split between Wednesday and Friday. Midweek confirmed sales in NE at $106 live but finished up Friday as high as $107.50 and $170 dressed. KS and TX trade midweek was at $106 live but finished the week at $107 to $108. Boxed-beef cut-out continues its normal seasonal decline as July can be sluggish month for overall beef demand and not necessarily a rally month for fed cattle prices with the extreme hot weather. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – W/E 06/29/2018 RECEIPTS: Auctions Direct Video/Internet Total This Week 182,800 47,400 66,800 297,000 Last Week 164,000 65,800 17,000 246,800 Last Year 134,200 36,200 87,100 257,500 Compared to last week, steers and heifers sold 1.00 to…