Morning Ag Markets – Matt Hines
Date: July 5, 2023 Cattle futures on Monday were mixed while lean hogs shot triple digits higher supported by higher cash and pork prices. Live cattle still hesitant to retest the contract highs from a month ago without higher cash trade. Packers should be a little short bought this week as trade and totals last week were spotty at best. Feeders traded both sides of unchanged on Monday flip flopping with corn doing the same. The National Feeder & Stocker Summary for last week reported steers and heifers trading $3 lower to $2 higher compared to the week previous, although most of the lower numbers were early week reports. Due to light receipts and many barns closed this week, there will not be another national…