Morning Ag Markets – Tyson Loewen
Last week was full of sharp and sudden losses across the cattle complex. Markets had calmed down somewhat by the end of the week probably catching some support from the cash side of the equation. Some market pullback was most definitely in the back of my mind, and it should be expected when the cattle markets went up nearly continuously for a month straight. Like I said, it is important to wade with caution during those high times of the market. Yesterday was a fairly flat day in the cattle complex. Fats opened slightly higher, didn’t test much of red territory and finished all on the plus side. Feeders were a bit more uncertain as they traded an even range on both sides of the…