Morning Ag Markets – Matt Hines
Date: December 9th, 2019 Cattle futures rebounded for a higher close on Friday but still finished lower for the week. Cash feedlot trade starting midweek in the South at $119 live, steady to $1 higher than the week previous. Trade in Nebraska was reported at $119 live and $188 dressed, also steady to $1 higher. The Tyson plant is back up and running pushing daily kills back up to the 120K head per day range. This has negatively impacted beef prices down sharply this past week. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 12/06/2019 RECEIPTS: Auctions Direct Video/Internet Total This week: 286,900 26,000 56,700 352,900 Last week: 58,600 25,900 100 84,600 Year Ago: 330,400 51,000 3,600 385,000 Compared to two weeks ago, steers…