Live cattle futures are mixed at midday, with nearby April up 42.5 cents. Feeder cattle futures are also mixed, with April down a quarter. The CME feeder cattle index was up 91 cents on April 11 at $135.76. Wholesale boxed beef values were mixed on Friday morning. Choice boxes were 36 cents higher at $212.84, with Select boxes down 49 cents at $200.18. 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. A few cash sales of $117-118 have been reported so far this week. Total 2018 beef export commitments are now 17.9% above this time last year.

Apr 18 Cattle are at $116.175, up $0.425,

Jun 18 Cattle are at $103.575, down $0.125,

Aug 18 Cattle are at $103.950, down $0.325,

Apr 18 Feeder Cattle are at $138.625, down $0.250

May 18 Feeder Cattle are at $140.000, up $0.025

Aug 18 Feeder Cattle are at $144.575, down $0.375

Market Commentary provided by:

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