April live cattle (LEJ26) futures last Friday rose $1.65 to $237.25 and for the week were up 45 cents. March feeder cattle (GFH26) futures Friday gained $3.35 to $367.425 and on the week gained $7.15. Despite some higher volatility and profit-taking pressure from the shorter-term futures traders late last week, the longer-term cash and beef market fundamentals remain solid, while the near-term technical posture for the cattle futures markets is also bullish overall.
