Morning Ag Markets – Matt Hines
Date: February 8th, 2021 Livestock futures mixed on Friday but mostly higher for the week. Cash feedlot trade also higher with live trade mostly at $114, $1 to $2 higher than the week previous and dressed trade from $178 to $180, steady to $2 higher. Boxed beef prices though were mixed for the week yet packer margins are still solid and promote keeping the chainspeeds up. For the week, Friday January 29th through Friday February 5th, February Live Cattle +$1.67, April +$1.92, January Feeder Cattle +$.55, March +$1.45, February Lean Hogs +$1.17, April +$3.65, February Pork Cutout Futures -$.07. Choice Cutout +$.63 @$234.58, Select Cutout - $1.91 @ $220.79, Pork Carcass Cutout -$1.18 @ $84.18. Cattle slaughter from Friday estimated at 113,000 head and Saturday…