Morning Ag Markets – Matt Hines
Date: October 31st, 2018 Cattle futures continued under pressure yesterday although cash feedlot trade jumped higher last week and beef prices continue to rally. Live cattle futures have been trading sideways here for some time and the December contract is still positioned a few dollars above the cash market. Feeders though have been on a lower trend this entire month. Over 1,400 head of fat cattle confirmed so far this week at mostly $114 live in the North. Hogs remain supported with another 3 new African swine fever cases confirmed on small farms in China. Oklahoma National Stockyards - Oklahoma City, OK Livestock Weighted Average Report for 10/29/2018 Receipts Week Ago Year Ago 11,636 7,033 8,743 Compared to last week: Feeder steers uneven with those…