Morning Ag Markets – Matt Hines
Date: May 12, 2025 Livestock futures were mixed last Friday, cattle higher week over week while lean hogs drifted lower. June live cattle up to a new contract high at $215.60 and the all-time spot contract high at $217.67 the last trading day for April live cattle before expiration. May feeders continue to make new all-time spot highs now at $298.50. August and September both cleared the $300 level for the first time in history. Cash feedlot trade continues higher with trade in Southern Plains from $218 to $222 live, steady to $4 higher and trade in North $225 to $228 live, $3 to $5 higher and $355 to $360 on a dressed basis, $10 to $15 higher. Weekly closes for livestock futures and meats……