Morning Ag Markets – Matt Hines
Date: May 31st, 2022 All livestock futures finished under mild pressure heading into the 3-day holiday weekend, but still held gains week over week. Cattle futures still holding the lower trend with feeders into new lows to begin last week. Lean hogs continue to hold a higher trend over the past couple weeks. Weekly pork export sales and shipments were bullish and prices holding firm. Negotiated cash fed cattle was steady to $2 lower than the week previous with live trade in the South from $136 to $137 and dressed trade in the North ranging from $223 to $227. For the week, Friday May 20th through Friday May 27th, June Live Cattle +$.60, August +$.85, May Feeder Cattle +$1.17, August +$2.40, June Lean Hogs +$1.52,…