Morning Ag Markets – Matt Hines
Date: November 30th, 2020 Livestock futures backed off a bit on Friday but still finished strong week over week. Cash feedlot trade in the Southern Plains, compared to last week, mostly reported live purchases traded $1 higher at $111. In Nebraska, when compared to last week, live purchases traded steady to $1 higher from $110 to $111 and dressed purchases traded $2 higher at $174. Beef weekly export sales were a net reduction due to cancellations from South Korea, Mexico, Hong Kong and Taiwan. Pork sales were friendly and actual shipments were bullish. NATIONAL FEEDER & STOCKER SUMMARY - WEEK ENDING 11/27/2020 RECEIPTS: Auctions Direct Video/Internet Total This Week: 112,300 35,300 1,600 149,200 This Week: 321,900 45,400 9,800 377,100 Year Ago: 58,600 25,900 100 84,600…