Morning Ag Markets – Matt Hines
Date: February 27th, 2019 Livestock futures firmed yesterday as grains fell under additional pressure. Showlists this week are larger with carryover from last week’s low volume cash feedlot trade. Packers slowed chains significantly the past couple week’s providing a pathway that prevents them from pushing the cash market sharply higher. Only a few hundred have traded thus far at $126 live and $203 on a dressed basis in the North which is steady to $1 higher than last week. The Fed Cattle Exchange online auction to be held later this morning with only 287 head consigned compared to last week’s 693 head of which 323 sold at $125 live out of KS. China's current African swine fever epidemic has now pushed the government to testing…