Morning Ag Markets – Matt Hines
Date: October 8th, 2018 Cash feedlot trade last week was mostly steady to $1 higher at $110 to $112 live and $174 to $176 on a dressed basis. African swine fever continues to spread across Asia and Europe with China confirming now over 30 individual cases and over 50K head culled. Globally, more than 361,000 infected wild boars and domestic pigs have been reported to the World Organization for Animal Health, with more than 119,000 deaths in 2018. Once the virus has been detected on a pig farm, the entire population must be culled. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – W/E 10/05/2018 RECEIPTS: Auctions Direct Video/Internet Total This Week 249,600 47,600 39,200 336,400 Last Week 185,400 47,000 1,900 234,300 Last Year 211,800 41,400 23,300…