Live Cattle (P) Futures PricesTue, Apr 28th, 2015
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Cattle futures ended Monday with losses from $0.70 to $1.375 after trading on both sides of the Friday close following the release of the Cattle on Feed report. April feeders settled on the green side of the fence because they have to converge with the cash index by Thursday, but the deferred contracts were mostly more than $2.50 lower on the day. Wholesale prices were mixed with Choice boxes averaging 10 cents lower, and the Select boxes 36 cents higher. Estimated Monday slaughter was 105K head, 5K less than last Monday, and 9K head less than a year ago.
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