Morning Ag Markets – Matt Hines
Date: August 14, 2024 Livestock futures were mixed on Tuesday with cattle futures higher, led by $2+ gains for feeders, while lean hogs traded lower. Cattle are testing nearby resistance now, but unable to break through yesterday. Higher futures have certainly led to higher cash. Early week salebarn reports posting higher prices than a week ago and cash fed cattle trade has yet to develop but asking prices in the South were firm at $187 to $188 live. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 8/12/2024 - Final Total Receipts: 5,428 Last Week: 3,864 Last Year: 8,114 Compared to last week: Feeder steers 2.00-6.00 higher. Steer calves 10.00 higher in a light test. Feeder heifers steady to 4.00…