Morning Ag Markets – Matt Hines
Date: September 19th, 2022 Somewhat of a quiet trade to end last week for all livestock futures. Fats near steady for the week as feeders were under selling pressure early from higher grains and then tanking equites as inflation is still high. Negotiated cash fed cattle trade last week was steady to $1 higher, the most supportive fundamental factor for live cattle futures. Trade in the South done mostly at $142 live and trade in the North at $143 live and $225 up to $230 dressed. For the week, Friday September 9th through Friday September 16th, October Live Cattle -$.17, December unchanged, September Feeder Cattle -$3.80, October -$4.32, October Lean Hogs +$3.72, December +$4.85. Boxed Beef, Choice -$4.86 @ $252.40, Select -$8.08 @ $226.65, Pork…