Morning Ag Markets – Matt Hines
Date: September 10th, 2018 Packers purchased light volume throughout the week at $107 live and $170 dressed yet had to push prices higher on Friday. Cash cattle trade firmed throughout the day to $108 live for the majority of the trade in the South, which is $1 higher than the week previous. Hog futures finished the week mixed but higher overall for the week. Cash prices spiked higher on Friday. China reported several more African swine fever outbreaks bringing the total number since early August up to thirteen in six different provinces. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – W/E 08/31/2018 RECEIPTS: Auctions Direct Video/Internet Total This Week 122,200 47,800 57,200 227,200 Last Week 148,700 49,600 10,600 208,900 Last Year 126,500 40,200 11,600 178,300 Compared…