Morning Ag Markets – Matt Hines
Date: March 15th, 2021 Livestock futures finished last week mixed, but this time with cattle futures higher and lean hogs steady to lower. Live cattle higher and feeders were triple digits higher on Friday which was enough to score mostly positive gains week over week. Lean hogs were sharply higher already most of last week to secure weekly gains. Cash feedlot trade steady now for the sixth week in a row at $114 live and $180 dressed. Steady to $2 lower though on Thursday in the Western Corn Belt at $112 to $113 live and $178 to $180 dressed. Carcass weights have declined sharply to match a year ago levels. This along with tighter supplies could finally lead to a breakout higher. Rumors are circulating…