Morning Ag Markets – 09/15/2020 – Pete Loewen
With product and cash back on the heavy defensive, it’s been good to see live and feeder cattle futures continue the bounce higher after falling hard during the last half of August. Live cattle finished yesterday’s session up more than $1 on all but one contract month. Feeders were up triple digits in everything, including the October contract that settled more than $2 higher. Then, there was the hog market… Germany confirming ASF in hogs last week and South Korea immediately banned all German imports. China was a little slower to respond, but they banned them as well. Germany is the largest pork producer in the EU, so the potential from this is the US picking up even more of the world export trade and…