Morning Ag Markets – Matt Hines
Date: June 29th, 2022 A complete flip in the Ag markets on Tuesday with grains higher and livestock futures lower. There’s been a lot of pressure recently on the grains, so to see a little bounce yesterday was not that unexpected. The updated weather forecasts yesterday still calling for some scattered rains over this week mostly in the western and northern Corn Belt. The extended forecasts also got a little hotter and moving some moisture further north, still clipping the Corn Belt though. Feeders led the way lower for cattle as they continue to bounce back and forth at the mercy of the grains. Cash fed cattle trade still yet to develop sizeable volume with some light $144 live trade in the North yesterday. Hogs…