Morning Ag Markets – Matt Hines
Date: June 12, 2024 Livestock futures traded both sides of unchanged on Tuesday but ultimately all finished lower. Both live and feeder cattle futures were able to hit new recent highs with June live cattle testing the May highs. Overall though it was not a great follow through day after Monday’s triple digit rally. No cash feedlot trade yet this week but hopes are for higher money this week as feedlots are current and sales were on the lighter side last week. Beef demand also remains strong with new highs for the year again yesterday. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 6/10/2024 - Final Total Receipts: 6,584 Last Week: 7,170 Last Year: 10,143 Compared to last week:…