Morning Ag Markets – Matt Hines
Date: February 18th, 2020 Cattle futures shot higher to end last week, live cattle contracts nearly touching the $3 limit higher. Markets did calm down into the close yet were still able to hold triple digit gains. Cash feedlot trade slipped another $1 to $2 this past week down to $119 live in the South and in the North trade was reported at $119 live and $190 on a dressed basis. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 02/14/2020 RECEIPTS: Auctions Direct Video/Internet Total This Week: 191,800 30,000 5,000 226,800 Last Week: 186,600 7,900 24,900 219,400 Year Ago: 223,800 78,200 3,600 305,600 Compared to last week, steers and heifers sold uneven; 1.00 lower to 3.00 higher. Demand was good for light weight calves…