Morning Ag Markets – Matt Hines
Date: August 7th, 2018 Light to moderate pressure continued to build for livestock futures yesterday even with the higher cash trade last week and cash still premium to nearby live contracts. Packers did purchase the second largest volume of cattle of the year, 165,000 head, leaving smaller show lists this week. 3,000 head were confirmed yesterday at $112.50 live in Nebraska, down $1 to $2 from last week. Oklahoma National Stockyards - Oklahoma City, OK Livestock Auction Report for 8/6/2018 Receipts Week Ago Year Ago 7,200 5,693 5,059 Compared to last week: Feeder steers 600-700 lbs. sold 5.00-8.00 higher, the balance brought 1.00-4.00 higher. Feeder heifers 1.00-3.00 higher. Steer and heifer calves 450-600 lbs. 2.00-5.00 higher. Lighter calves not well tested. Demand good to very…