Morning Ag Markets – Matt Hines
Date: September 15th, 2021 A partial Turnaround Tuesday with cattle futures triple digits higher and wheat leading the grains with double digit gains. The JBS Grand Island, NE beef processing plant, 6,000 head per day capacity, fire on Sunday only shut down the plant for a day which caused cattle futures to gap lower Monday and reverse higher yesterday. Only a few hundred head of fed cattle cash traded so far this week. TX cash pool yesterday at $124 live which is steady with a week ago but in the North, $196 dressed, not a good start as that is $2 lower than the bottom of last week’s range. Hog futures continued to tumble in the U.S. and in China with a new low yesterday…