Morning Ag Markets – Matt Hines
Date: November 13th, 2018 Cattle futures yesterday were mixed with hogs showing strong gains but both on light volume. I wouldn’t expect to see much change in direction here the week before Thanksgiving, cattle steady to weaker and hogs mixed to higher if cash prices can hold or even rebound. Oklahoma National Stockyards - Oklahoma City, OK Livestock Weighted Average Report for 11/12/2018 Receipts Week Ago Year Ago 9,000 9,992 10,818 Compared to last week: Feeder steers traded 6.00-8.00 lower. Feeder heifers 7.00-11.00 lower. Steer calves sold 4.00-9.00 lower on limited comparable receipts. Heifer calves 6.00-9.00 lower. Demand moderate. Winter weather has arrived as snow has fallen over most of the trade area. Some warmer weather is expected towards the end of the week. Feeder…