Morning Ag Markets – Matt Hines
Date: March 2nd, 2020 The narrative never changed last week, the spread of the coronavirus dominated headlines and pressured all markets. The DOW was down over 3600 points last week to levels not seen since last summer. Cattle futures tried to spark a rally almost every day last week but massive selling pressured prices as well as cash feedlot trade. On Tuesday, negotiated trade developed in Texas and Kansas at $115, which is $5 under last week’s weighted average. A very small amount of $114 traded in Kansas on Thursday and as low as $113. Nebraska dressed trade was $185 to $188 Tuesday and down to $183 on Thursday. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 02/28/2020 RECEIPTS: Auctions Direct Video/Internet Total This…