Morning Ag Markets – Matt Hines
Date: August 26, 2024 August live cattle holding steady as we near expiration but October down into new 4-month lows and deferred contracts into new contract lows last week. August feeders also steady for the week but into new lows for the year midweek as September forward contracts all made new contract lows. Lean hogs on the other hand rallied last week and hit new recent highs. Cash fed cattle trade in Texas and Kansas done mostly at $183 with some at $184 which is $1-$2 lower than the week previous with trade in Nebraska $5 lower ranging from $184 to $190 live and dressed trade from $293 to $295. USDA cattle on feed report after the close on Friday was neutral to bearish with…