Live cattle futures closed 30 to 60 cents higher on Monday. April futures set another new life of contract high. Feeders were also higher at the close with the front months up by 22 to 67 cents. USDA reported Thursday sales from $170 to $178. The bulk in the Northern trade hovered near $177 last week, with the South getting mostly $170-172. USDA’s OKC feeder auction review showed 4.4k head were sold with 78% over 600 lbs. The CME Feeder Cattle Index dropped $1.05 to $193.33 for 4/7.Â
USDA’s Wholesale Boxed Beef prices were stronger on Monday. Choice was up by $1.93 to $292.91 and Select was $2.62 higher at $278.40.  USDA estimated Monday’s FI cattle slaughter at 113k head, down 10k from the same Monday last year.Â
Apr 23 Cattle  closed at $171.375, up $0.300,
Jun 23 Cattle  closed at $163.700, up $0.600,
Aug 23 Cattle  closed at $162.900, up $0.600,
Apr 23 Feeder Cattle  closed at $200.925, up $0.300
May 23 Feeder Cattle  closed at $205.625, up $0.225
Sep 23 Feeder Cattle  closed at $226.025, up $0.675
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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