Live cattle futures posted 22.5 to 90 cent gains in most contracts on Monday, with April down a quarter on First Notice Day (FND). There were no deliveries due to a less than attractive basis. Feeder cattle futures came back to end 35 to 97.5 cents higher in most contracts on Monday. The CME feeder cattle index was down 79 cents on April 5 at $143.30. Wholesale boxed beef prices were higher on Monday afternoon. Choice boxes were up $1.74 at $228.67 and Select boxes 60 cents higher @ $220.88. USDA estimated Monday’s cattle slaughter at 120,000 head. That would be 5,000 above last week and 2,000 head more than the same week a year ago.
--provided by Brugler Marketing & Management