Morning Ag Markets – Matt Hines
Date: February 28, 2024 Another fairly quiet day in the livestock sector during yesterday’s session. Cattle started the day off mixed with not much movement on either side of unchanged, and at one point during the morning fats and feeders were all higher in the face of a higher corn market. But as the day went on, they struggled to find a sense of direction and live cattle finished with slight losses and feeders ended lower in just two of the nearby contracts and a little bit higher in the rest. Aside from the April live cattle contract, Feb through the deep deferreds into the April 25 contract did make it up to new recent highs yesterday. May feeders did the same by just one…