Morning Ag Markets – Matt Hines
Date: April 29, 2024 Livestock futures mixed again on Friday and for the week with cattle higher but lean hogs lower. Cash fed cattle trade reported steady in TX and KS compared to the week previous at $182 to $183 live. Northern trade at $2 to $3 higher, $185 live and $295 dressed, helped spur the late week rally. There were some additional disturbing stories last week about the Avian Flu in U.S. dairies but at least the live cattle and feeder markets were able to ignore the banter and hold solid 2 week higher trends. Bearish fundamental updates midweek from weekly export sales to cold storage along with lower cash values provided the pressure on lean hogs. Weekly closes for livestock futures and meats…April…