Morning Ag Markets – Matt Hines
Date: July 23rd, 2018 Cash feedlot trade was light and very late in the day on Friday at $114 live in KS, $3 higher than the week previous and at $180 dressed in the North, $5 higher. July Cattle on Feed Report after the close on Friday was neutral with all coming in right at the average pre report estimates although all values were higher than year ago. USDA Actual Average Guess Range Cattle on Feed July 1 104% 104% 103%-106% June Placements 101% 101.5% 96%-107% June Marketings 101% 101% 99%-107% Placement by Weight Class (expressed as % of previous year) Under 600 lb 107% 600-699 lb 110% 700-799 lb 90% 800-899 lb 98% 900-999 lb 109% Over 1000 lb 105% Placements at 101% also…