Morning Ag Markets – Matt Hines
Date: April 3, 2024 Cattle futures were able to regain a portion of Monday’s sharp losses, while lean hogs continue to chop sideways. Cash feedlot trade still yet to develop this week. Salebarns are still seeing good volume, especially from KS north as grass cattle buyers are still in the market. The biggest price driver for the futures market continues to be related to avian flu. The reported positive samples in unpasteurized milk samples last week rocked the markets for few days. Monday’s news that sent fats and feeders $5 to $7 lower was that an employee at one of the TX dairies tested positive for same flu strain. He was being treated with only minor eye irritation and this strain is not spreading within…