Morning Ag Markets – Matt Hines
Date: July 10, 2024 Livestock futures all settled lower on Tuesday but did trade both sides. Cattle futures were higher during the morning trading hours, but as soon as the midday beef report came out sharply lower, cattle futures fell off and finished triple digits lower. Domestic beef demand seasonally begins to slow after Independence Day. The futures liquidation so far this week looks to pressure cash feedlot trade as well. There has only been some very light volume reported so far this week at $190 live and $317 dressed, steady with last week. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 7/8/2024 - Final Total Receipts: 4,366 Last Week: 2,431 Last Year: 6,879 Compare to last week: Feeder…