Morning Ag Markets – Matt Hines
Date: July 17, 2024 Cattle futures opened up lower to start the session off yesterday after a very quiet day of trading on Monday. Tuesday’s trade again fairly quiet with no $1+ moves in either direction once again. All cattle contracts, except for the nearby August feeders, finished with small gains. With two uneventful days in a row after testing up trending support late last week, it appears futures are content with waiting for some influence from cash feedlot trade. So far this week, only very light volume has been reported in the North at $195 to $197 live, $1 to $3 lower than the bulk of last week’s trade. We also have a Cattle on Feed report coming this Friday with the average estimate…