Morning Ag Markets – Matt Hines
Date: November 11th, 2019 Cash feedlot trade higher again last week with KS and TX trading $114 to $115, $2 to $3 higher than the week previous. Trade in the North was reported as steady at $114 to $116 live with $4 to $5 higher dressed trade from $181 to $182. Cattle futures though this past week were mixed with little direction and bumping their head on nearby resistance levels. Beef and pork export estimates for 2019 were both projected lower by USDA in Friday’s supply and demand report while production was increased along with total domestic consumption. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 11/08/2019 RECEIPTS: Auctions Direct Video/Internet Total This week: 360,400 49,600 23,900 433,900 Last week: 274,600 49,000 2,000 325,600…