Morning Ag Markets – Matt Hines
Date: October 17th, 2018 Cattle futures were under pressure for most of the day yesterday while hogs continued to rally although we did ease the losses into the close and a couple deferred live cattle contracts were able to close in the green. Volume and interest both very light for live and feeder cattle futures yesterday. A few hundred head of fat cattle traded at $175 dressed in Iowa early this week with over 2,100 head moving in Nebraska yesterday at $170 to $174. The Fed Cattle Exchange online auction will be later this morning with 1,103 head consigned compared to 1,246 head last week but it has been almost 2 months since any have sold on that platform. Oklahoma National Stockyards - Oklahoma City,…