Cattle Extending Gains on Tuesday
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Live cattle futures are experiencing gains of $2.32 to $4.20 on Tuesday, with cash trade last week averaging around $246. Feeder cattle futures also rose by $1.30 to $4.20. The CME Feeder Cattle Index increased by 2 cents to $369.34. Wholesale Boxed Beef prices fell, with Choice boxes down 38 cents to $389.18. USDA reported a cattle slaughter estimate of 106,000 head for Monday, up 9,000 from last week. April 26 Live Cattle prices are at $252.750, while Feeder Cattle prices range from $371.225 to $372.450.
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