Morning Ag Markets – Matt Hines
Date: November 7th, 2018 Cattle futures yesterday were mixed with most only trading $1 range but December lean hogs were limit lower and deferred contracts followed sharply lower. December lean hogs are now off $4 in the past 2 days and over $6 lower from the new recent high just last week. Cash markets have been lower now the past few days putting pressure on the futures. Only a couple thousand head of fat cattle have traded thus far this week in the North at $112 to $114 live, which is a bit softer than last week, and $180 on a dressed basis which is steady. Oklahoma National Stockyards - Oklahoma City, OK Livestock Weighted Average Report for 11/5/2018 Receipts Week Ago Year Ago 9,992…