Live cattle futures were mixed on Monday, with most contracts steady to 30 cents higher and front month April down a quarter. Feeder cattle futures were up 25 to 55 cents in most contracts. The CME feeder cattle index was up 21 cents on April 12 at $142.99. Wholesale boxed beef prices were higher on Monday afternoon. Choice boxes were up $2.23 at $230.98, with Select boxes 20 cents higher at $221.22. We’re keeping a close eye on the wholesale beef/pork spreads. USDA estimated Monday’s FI cattle slaughter at 121,000 head. That would be 1,000 larger than last week and 6,000 head above the same week a year ago.
Apr 19 Cattle closed at $126.300, down $0.250,
Jun 19 Cattle closed at $121.475, up $0.025,
Aug 19 Cattle closed at $118.325, up $0.125,
Apr 19 Feeder Cattle closed at $145.675, up $0.250
May 19 Feeder Cattle closed at $151.025, up $0.525
Aug 19 Feeder Cattle closed at $159.150, up $0.450
--provided by Brugler Marketing & Management