Morning Ag Markets – Matt Hines
Date: September 18th, 2019 African swine fever found for the first time in South Korea, U.S. Japan trade deal moving forward to bring tariff levels in line with others in the TPP and crude back down $3+ after the one of the largest moves of +$8.05 from Monday topped the headlines from yesterday. Cattle slaughter levels should rebound this week but cattle owners aren’t rushing to sell with yesterday’s futures recovering and carry in the market. Light cash feedlot trade reported so far in the North at $102 live and $160 dressed. The Fed Cattle Exchange online auction will be held later this morning with 1,229 head consigned compared to last week’s 636 head of which none sold and 2 lots were passed out at…