Morning Ag Markets – Matt Hines
Date: November 19th, 2018 Cash feedlot trade wrapped up in the South at $114 live which is steady with the week previous. Trade in NE and IA though was steady to $2 lower at $112 to $113 live and $176 to $178 on a dressed basis. Lean hogs locked limit higher on news that China discovered their first case of African swine fever in a wild boar, another 4 cases reported on farms on Friday and China now stating it is having a very difficult time controlling the spread of the deadly disease. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – W/E 11/16/2018 RECEIPTS: Auctions Direct Video/Internet Total This Week 307,700 29,100 31,600 368,400 Last Week 329,800 41,000 6,500 377,300 Last Year 320,200 26,600 2,200 349,000…