Morning Ag Markets – Matt Hines
Date: November 28th, 2018 Cattle markets still looking for direction this week after a friendly COF report and higher cash feedlot trade last week. Technically both look bullish and still carrying higher trends over the past 2 weeks. Oklahoma National Stockyards - Oklahoma City, OK Livestock Weighted Average Report for 11/26/2018 Receipts Week Ago Year Ago 9,477 6,895 7,074 Compared to last week: 600-800 lb. feeder steers mostly steady to 4.00 higher. 600-700 lb. feeder heifers 2.00-3.00 higher, heavier weight steers over 800 lbs. 5.00 higher with a few sales up to 11.00 higher and heifers over 700 lbs. mostly 7.00 higher with a few sales up to 16.00 higher. Steer calves mostly 1.00-5.00 higher. Heifer calves 1.00-6.00 higher. Demand good to very good, especially…