Morning Ag Markets – Matt Hines
Date: October 22nd, 2018 Cash feedlot trade in the Southern Plains sold steady again at $111 live. This is the 6th consecutive week of steady money which actually can be construed as bearish due to the fact that normal seasonality pushes cash trade higher this time of year. Dressed sales in Nebraska sold steady as well, mostly $174, with live trade steady to $2 higher from $109 to $111. Fed Cattle Exchange online auction trade from earlier in the week had over 1,100 head consigned and zero sales. August 22 was the last time any cattle changed hands on the FCE. Cattle on Feed as of October 1st was slightly below the average estimate at 105% vs. a year ago but still the largest inventory…