Morning Ag Markets – Matt Hines
Date: September 25, 2024 Livestock and grain futures all opened higher and held gains until midday. In the end, the front months for cattle and hog futures settled slightly lower with moderate gains for all deferred contracts. Only very light volume cash feedlot trade so far this week in the North at $184.50 live. A full recap of last week’s trade showed feedlots selling 86,956 head of negotiated cash fat cattle with nearly 90% for nearby delivery. Full range traded from $177 to $190 live, weighted average at $184.13 which is nearly $2 higher than the week previous and $286 to $303 dressed, weighted average $290.66 just $.36 higher than the week previous. Quarterly Hogs and Pigs report coming out Thursday with expectations for all…