Morning Ag Markets – Matt Hines
Date: May 14, 2025 Livestock futures were mixed on Tuesday with little follow through buying from Monday’s sharply higher day, more like a day of just maintaining current levels on the nearby contracts. The all-time spot highs still in place from Monday with June live cattle high at $217.75 and May Feeders high at $303.42. Deferred cattle contracts did make new contract highs. Only light volume cleanup cash feedlot trade so far this week at $225 live. Feedlots asking prices in the Southern Plains at $224 to $225 live. A full recap of last week’s cash fed cattle trade showed feedlots selling 83,514 head of negotiated cash fat cattle, 64% for nearby delivery from $218 to $230 live, weighted average at $224.03 and $352 to…