Morning Ag Markets – Matt Hines
Date: August 2, 2023 Cattle futures finished triple digits higher yesterday, although it wasn’t right out of the gates and still seems to be a bit of a delayed response with corn sharply lower the past few trading sessions. Beef prices were sharply higher in the morning report which looked to be the catalyst for the strength in futures which continued into the close. Still only light volume negotiated cash fed cattle trade so far this week in the North at $294 dressed which is steady with last week’s trade. Lean hogs settled with minor losses yet still scored new recent highs and look to test resistance levels from earlier this spring. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report…