Morning Ag Markets – Matt Hines
Date: February 3rd, 2020 Livestock futures were mixed Friday but yet again lower for the week as hog futures were down over $10 for the week. The fast spreading coronavirus continues to lead the newswires with more travel bans imposed and fear that economies in Southeast Asia will begin to slowdown. Cash feedlot trade backed up $2 this past week to $122 live, the first move off the $124 level this year. Dresses trade in Nebraska developed late last week at $195, $4 lower. UDSA reported January 1 Cattle Inventory down slightly compared to a year ago with all cattle and calves in the United States as of January 1, 2020 at 94.4 million head, slightly below the 94.8 million head on January 1, 2019.…