Morning Ag Markets – Matt Hines
Date: June 17, 2024 Cattle futures finished out last week triple digits higher while lean hogs were mixed. The June lean hog contract expired and hit yet another recent low losing $18.50 since the April highs. Most cattle contracts gapped higher and never looked back as cash fed cattle trade was again reported higher and beef prices hit new highs for the year. Light volume cash feedlot trade started on Tuesday in NE at $190 live and in TX and KS on Wednesday at $185 live, both areas steady with the week previous. Thursday’s trade picked up in volume at $186 live in the South and shot up $5 in the North to $195 live and $305 dressed. Friday added even more with a few…