Morning Ag Markets – Matt Hines
Date: October 1st, 2018 Cash feedlot trade this past week was mostly steady again at $110.50 to $111 live but $1 lower at mostly $174 on a dressed basis. The Quarterly Hogs and Pigs report this week confirmed the hog industry is still expanding with a 3% increase in total hog inventory, breeding inventory and market hogs. Feeders and calves saw some pressure earlier in the week but stabilized when futures jumped higher midweek. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 09/28/2018 RECEIPTS: Auctions Direct Video/Internet Total This Week 185,400 47,000 1,900 234,300 Last Week 175,800 114,500 40,000 330,300 Last Year 166,500 42,700 1,800 211,000 Compared to last week, steers and heifers sold uneven; 2.00 lower to 2.00 higher. Good to very good…