Morning Ag Markets – Pete Loewen
It was a sluggish start to the week for the cattle complex, particularly in the feeders. Red on the screen slowly but surely changed to green as the day progressed though and by the close some of the live cattle contracts were up well over $1, feeders were mildly higher across the board and hogs were up over $1 on some, just like the fats. Grain and oilseed trade enjoyed solid green across the screen as well, so essentially it was a solid day up for the entire ag sector. Oddly enough, while the ags were up, the DOW was lower. Granted, not sharply lower, but lower nonetheless. Last week when some of the hard hits came in stocks, the ag sector was taking it…