Live cattle futures are up 67 cents to $1.05 at midday. Cash trade has yet to get kicked off this week, with bids at midday of $238-242. The Thursday morning Fed Cattle exchange showed no sales on the 1,016 head offered, with limited bids of $238-239.50. Feeder cattle futures are trading with 70 cent to $1.25 in the front months. The CME Feeder Cattle Index was up 89 cents to $366.82 on March 31. Thursday will be the last trade day for the week as the markets are off for Good Friday.
Beef export sales in the week of 3/26 showed a total of 11,886 MT booked, a 3-week high. Shipments in that week were 13,630 MT, back down from last week.
