Cattle Posting Turnaround Tuesday Gains
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Live cattle futures are experiencing gains of $2.30 to $2.60, while feeder cattle futures are up $3.65 to $4. Cash trade remains inactive, with last week's prices settling at $240. The CME Feeder Cattle Index decreased by $1.47 to $366.39. Wholesale Boxed Beef prices increased, with Choice boxes up $6.33 to $397.62. USDA estimated Monday's cattle slaughter at 103,000 head, slightly above last week but lower than last year. Current prices for April and June Live Cattle are $232.450 and $230.025, respectively.
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