Morning Ag Markets – Matt Hines
Date: November 3rd, 2021 Yes it was Tuesday yesterday and by now we all know what that means, Turnaround Tuesday! Feeders with the biggest swings as triple digit lower and into new recent lows for all deferred contracts on Monday followed up but triple digit moves higher on Tuesday. Another way to look at feeders, Tuesday’s highs were over $6 higher from Monday’s lows. Live cattle also reversing higher yesterday and lean hogs reversing lower. Cash fed cattle trade starting this week on very light volume Monday in the WCB at $200 dressed, steady with a week ago. The pace picked up on Tuesday at $128 live in TX and KS and $130 live in NE, all $2 higher than a week ago. Oklahoma National…