Live cattle futures are trading with $2.32 to $4.20 gains in most contracts on Tuesday. Cash trade last week was centered around $246 across the country, with a few late sales of $248. Feeder cattle futures are up $1.30 to $4.20 in the front months on Tuesday. The CME Feeder Cattle Index was up 2 cents to $369.34 on April 24. The weekly OKC feeder cattle action showed mostly steady action on the 6,573 head sold.
Wholesale Boxed Beef prices were lower in the Tuesday morning, with the Chc/Sel at $1.89. Choice boxes were down 38 cents to $389.18, while Select was $1.31 lower at $387.29. USDA estimated federally inspected cattle slaughter at 106,000 head for Monday. That is up 9,000 head from last week and 1,733 head above the same week last year.
