Live cattle futures are up $2.02 to $4.05 on Monday. Cash trade last week was centered around $246 across the country, with a few late sales of $248. Feeder cattle futures are rallying on Monday, up $4.17 to $6.75 at midday. The CME Feeder Cattle Index was down 68 cents to $369.32 on April 23. The weekly OKC feeder cattle action has an estimated 6,500 head for sale with a firm undertone noted early.
Monthly Cold Storage data showed 410.52 million lbs of beef stocks at the end of March, a 1.95% draw from February and 3.45% below last year.
