Morning Ag Markets – Matt Hines
Date: May 17th, 2021 Livestock futures ended last week mixed. Feeders able to hold gains as corn futures took another hit lower. Fats and lean hogs though weaker on Friday and for the week. Cash feedlot trade last week was fairly light volume with some trades for delivery 30 days out. Trade in the North started early in the week at $120 to $121 live and $191 dressed which is steady to $2 higher than the week previous. Trade in the South picked up midweek at $119 to $120 live, $1 higher on average compared to the week previous. Cattle slaughter still less than expected and keeping a lid on any sustained cash rally. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for 5/9/2021…