Live cattle futures finished the day with $1.625 to $2.25 gains. Feeder cattle futures were up $2.90 to $4.425 on Thursday. The CME feeder cattle index was up 91 cents on April 11 at $135.76. Wholesale boxed beef values were mixed on Thursday afternoon. Choice boxes were 59 cents lower at $212.48, with Select boxes up 6 cents at $200.67. Estimated FI cattle slaughter was at 475,000 head through Thursday. That is 18,000 above the previous week and up 17,000 head from the same week in 2017. Cash sales of $117-118 were reported so far this week. Beef export shipments were 15,130 MT in the Export Sales report, 8.56% larger than this week in 2017. Total export commitments of beef are now 17.9% above this time last year.

Market Commentary provided by:

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