Morning Ag Markets – Matt Hines
Date: April 1st, 2020 Quite the crazy day for cattle markets with equites lower, boxed beef posting a record breaking one-day move lower, yet futures rallied shortly after the noon hour and closed triple digits higher to close out the month of March. So far the only Covid-19 related slowdown, not shutdown, is taking place at a JBS packing plant in PA. Canada has had at least 1 packing plant shutdown so far this week. Only very light cash feedlot trade so far this week at $122 live, $2 higher than last week on Monday followed by some $180 dressed trade in the North which is $10 lower than last week. The Fed Cattle Exchange online auction will be held later this morning with another…