Morning Ag Markets – Matt Hines
Date: July 11th, 2018 Live cattle futures still trending lower with cash trade premium. Lean hogs were sharply lower yesterday with the August contract down the $3 limit. Feeders though are holding a higher trend with early week salebarn reports coming in at steady to a few dollars higher than last week. Oklahoma National Stockyards - Oklahoma City, OK Livestock Auction Report for 7/2/2018 Receipts Week Ago Year Ago 8,001 2,026 5,329 Compared to last week’s limited offerings: Feeder steers and heifers mostly 1.00-4.00 higher. 500-600 lb steer and heifer calves 1.00-3.00 higher, no test on lighter calves. Compared to two weeks ago: Feeder steers and heifers 5.00-10.00 higher. 500-600 lb steer and heifer calves 7.00-12.00 higher with no test on lightweight calves. Tulsa Stockyards…