Live cattle closed the Monday session with contracts up 27 cents to $1.27. Monday was first notice day for April live cattle, with no deliveries issued and the oldest long dated September 22, 2023. Feeder cattle posted front month strength of $1.45, with the rest of the board down 35 cents to $1.05. Last week’s cash action was in the $183-184 range for the south and $187-189 in the North. Most of Monday’s action was compiling showlists. The CME Feeder Cattle index on April 5th was down 35 cents to $248.62. USDA reported OKC’s auction receipts at 6,800 head on Monday, up from last year’s 4,978 head. Feeder prices were down $8-12 from last week
USDA’s Wholesale Boxed Beef prices shot higher in the Monday afternoon report. Choice was back up $4.90 to $302.07, with Select $5.57 higher at $300.27, to narrow the Chc/Sel spread to just $1.80. Estimated cattle slaughter was pegged at 121,000 head for Monday by the USDA. That was an 11,000 head increase from the previous Monday and up 9,192 head from the same Monday last year.
Apr 24 Cattle closed at $179.400, up $1.150,
Jun 24 Cattle closed at $173.325, up $1.275,
Aug 24 Cattle closed at $170.900, up $0.925,
Apr 24 Cattle closed at $239.300, up $1.600,
May 24 Cattle closed at $237.175, down $1.000,
Aug 24 Cattle closed at $248.250, down $0.375,
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