Morning Ag Markets – Pete Loewen – 05/02/2025
Cattle complex futures came out of the chute yesterday with a solid bullish start and $1-$2 gains in everything, but they faded fast and spent a lot of the day in red ink. Live cattle finished higher on the front four months and mildly lower on the rest. Feeders were up on the May contract and down on the rest with quite a few down more than $1. In the negotiated feedlot cash, trade has been strung out across multiple days and all of it at considerably higher money. Southern Plains tops have been around $218, which is up $5 from last week’s top. Nebraska dressed trade topped in the $350-$352 area, which is up around $8 from a week ago. Two things to note…