Morning Ag Markets – Matt Hines
Date: May 6, 2024 Livestock futures mixed on fairly quiet trading on Friday, especially compared to past few trading sessions with live cattle posting over $2 gains or losses and feeders $3 to $4. Early week losses though from Avian flu in more dairies to USDA announcing testing on ground beef, was met with positive news to end the week. No beef samples tested positive, weekly export sales shot up to 25,500 MT, a new marketing year high and cash feedlot trade was again higher. Cash fed cattle trade reported in the South at $2 higher than the week previous at mostly $184 live. Northern live trade $1 to $2 higher at $186 to $187 but dressed trade remained steady at $295. Weekly closes for…