Morning Ag Markets – Matt Hines
Date: February 2nd, 2022 Green across the entire Ag sector except for the nearby lean hog contract set to expire the end of next week. February hogs did hit a new recent high before falling off as deferred hogs and deferred feeders hit new contract highs. The bullish semi-annual Cattle Inventory from USDA after the close Monday helped support further gains, yet seems like most of that was already baked in on Monday’s sharply higher trading. Cash fed cattle trade steady to $2 higher so far this week on only light volume in the North at $138 to $141 live and $218 to $220 dressed. Tulsa Livestock Auction - Tulsa, OK Livestock Weighted Average Report for 1/31/2022 This Week: 3,390 Last Report 1/24: 2,931 Last…