Morning Ag Markets – Matt Hines
Date: October 5th, 2020 Cattle futures finished another week under pressure and for the second week in a row cash feedlot trade moved higher. Live trade reported in all areas at $107 to $108, $2 to $3 higher than the week previous and dressed trade at mostly $168, $3 higher. Lean hog futures were mixed on Friday and for the week. The nearby October contract continues to hit new highs now testing the $75 resistance area. Beef and pork exports have been good but by no means exceptional. Confirmed cases of African swine fever in Germany now up to 46 in wild boars through Friday with the area expanding. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING Friday October 02, 2020 RECEIPTS: Auctions Direct…