Morning Ag Markets – Matt Hines
Date: May 8, 2024 Livestock futures and grains flipped places on Tuesday with all cattle and lean hogs contracts higher while all grains and oilseeds lower except new crop corn and beans. Cattle markets are still hesitant, taking a wait and see approach not only for more cash fed cattle trade later this week but the continued headline watching in regards to Avian Flu. Only light volume cash fat cattle trade so far this week in IA at $184 to $185 live, steady to $2 lower than a week ago. A recap of last week’s cash fed cattle trade showed feedlots selling 92,693 head, 58,165 head for nearby delivery and 34,528 head for deferred delivery with a weighted average at $185.69 live and $294.90 dressed.…