Morning Ag Markets – Matt Hines
Date: August 4th, 2021 Livestock futures continued higher yesterday as grains were off. Cattle futures anticipating higher cash trade this week and beef continues to rally. Negotiated cash feedlot trade so far this week only light movement but steady to higher than a week ago. Nebraska/WCB trade at $125 live and $197 dressed. Texas Cash pool trade yesterday at $120 live compared to no trade the past couple weeks as bids were passed. Higher trends continue to hold for all livestock futures along with mostly friendly fundamentals. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 8/2/2021 This Week: 7,637 Last Week: 8,494 Last Year: 7,000 Compared to last week: Feeder steers and heifers steady to 3.00 lower. Steer and…