Live cattle futures posted gains of 40 to 90 cents on Monday, with front month April up $1.825. There were no deliveries issued for April on First Notice Day, with the oldest long dated May 15, 2025. Cash trade took off last week, with sales at $245-246 across the country, up $8-10 from the previous week. Feeder cattle futures were mixed, with nearbys down 27 to 87 cents and other contracts up 32 cents to $1.17. The CME Feeder Cattle Index was down $3.04 to $364.55 on April 3.
The JBS strike in Greeley, Colorado is expected to conclude on Monday, with workers coming back on Tuesday as negotiations are still ongoing.
