Morning Ag Markets – Matt Hines
Date: October 29th, 2018 All livestock futures finished higher last Friday jolted by higher cash feedlot trade. KS traded at $111 live for 6 weeks straight, but finally popped to $114 to $115 this week. A year ago, this same week we jumped from $111 to $117 to $119. TX jumped $4 higher to mostly $115 live as well with trade in the North at $114 to $115 live and $6 higher at $180 dressed. USDA reported YTD Cattle Slaughter through September is 2.6% above last year and 8.6% above the previous 3-year average. YTD steer and heifer slaughter is 1.2% below and 7.6% above last year respectively. Also, YTD Beef cow slaughter is 10.7% above a year ago and 22.8% above the previous 3-year-average.…