Morning Ag Markets – Pete Loewen
8/21/2018 Compared to the normal trade in recent weeks, live cattle futures showed very little volatility and a dull trading session yesterday. The range from high to low in everything was less than $1. Feeders traded in a range just over $1. Hogs were still acting flighty and pushed into new recent highs early, only to turn over and flop hard to the downside closing solidly in the red in everything. Feeders finished mildly lower in most, but down over $1 on the front month August. Live cattle were mixed at the close with the front three lower and the next two months mildly higher. In the hog trade, the cart got way out in front of the horse with the recent surge to the…