Morning Ag Markets – Matt Hines
Date: February 14, 2024 Cattle futures pulled lower on Tuesday after hitting or near new recent highs again on Monday. Only very light volume cash fed cattle trade reported in the North at $180 live. Last week’s trading ranged from $180 to $182 live and $285 to $289 dressed. Beef prices were lower and corn steady to higher which led to the cautious trading for cattle futures. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 2/12/2024 - Final This Week: 13,125 Last Week: 15,578 Last Year: 9,452 Compared to last week feeder steers sold 4.00-9.00 higher. Feeder heifers sold 4.00-12.00 higher. Supply was heavy with very good demand. 7 weight index steers averaged $244 to $253 and 8 weights averaged…