Live cattle futures showed mixed trade on Monday, with April up 60 cents on Friday’s higher cash trade. Feeder cattle futures were steady to 32.5 cents lower on the day. The CME feeder cattle index was up $1.17 on April 13 at $137.59. Wholesale boxed beef values were mixed on Monday morning. Choice boxes were 82 cents lower at $211.79, with Select boxes up 7 cents at $199.98. Estimated FI cattle slaughter was 116,000 head on Monday. That is 2,000 below the previous week but up 9,000 head from the same week in 2017. Packer margins remain very attractive.

Market Commentary provided by:

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