Morning Ag Markets – Matt Hines
Date: July 19, 2023 Livestock futures were mixed yesterday with live cattle and only the front month lean hog contract holding triple digits gains while feeders posted triple digit losses. Equites were sharply higher supporting live cattle as was corn which pressured the feeders. No cash fed cattle yet this week. Friday will bring a couple fundamentally significant reports as USDA will release its monthly Cattle on Feed and semi-annual Cattle inventory. The average trade estimates looking for July 1 on feed and June placements at 98% vs. a year ago and June marketings at 95%. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 7/17/2023 - Final This Week: 6,278 Last Week: 12,676 Last Year: 9,551 Compared to last week…