Morning Ag Markets – Pete Loewen – 10/02/2018
Great start to the week for the bulls since it was a buy it all day on Monday. The meat complex was all solidly up in the green with feeders and hogs enjoying some triple digit gains on some contracts. Grain and oilseed trade was higher in everything as well, which essentially erased all the fall crop market losses following Friday’s Quarterly Stocks report bearishness. For the front months in the meat complex, October live cattle pushed into new recent highs and the highest level traded since mid March. October Feeder Cattle came within 32 cents of the contract high, but just couldn’t quite push up into new high territory. The next two months out, which are the Nov and Jan contracts did make new…