Morning Ag Markets – Matt Hines
Date: September 19th, 2018 Livestock futures were mixed yesterday with cattle under pressure all day while lean hogs scored triple digit gains. Hogs gapped higher at the open yesterday with the nearby contract touching the $3 limit at one point. Cash prices were higher along with pork while cleanup is ongoing in the North Carolina. China’s sow herd is reportedly down 4.8% in August compared to a year ago and down 1.1% from last month. Total hog herd is down 2.4% from a year ago. Salebarns are reporting decent volume so far this week with feeders and calves mostly higher than last week, some reports stating $8 to $9 higher. There have been a few hundred fat cattle trade this week in NE at $111.50…