Morning Ag Markets – Matt Hines
Date: August 20th, 2019 Livestock trade was steady to higher to start this week. Cattle futures opened higher, fats ran $1+ higher and feeders $2+ higher in the morning hours but both faded as the day progressed. Lean hog futures opened higher and proceeded to add value throughout the trading session. Beef packer margins continue to climb and provide incentive to ramp up the chainspeeds along with another active weekend schedule. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 8/19/2019 Total Receipts: 1,749 Last Week: 2,533 Last Year: 5,170 Compared to last week, steer and heifer calves steady on a limited test, yearling steers 1.00 to 2.00 higher, yearling heifers steady. Demand moderate to good, supply light. Oklahoma National Stockyards…