Crude OilWalsh Trading, Inc. - Mon May 18, 4:10PM UTC
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Live cattle and feeder futures settled higher yesterday. Cash cattle traded from $160 to $161 in NE and KS, with dressed sales reported at $253. Wholesale beef prices were lower on Thursday afternoon with Choice boxes were off $2.76 and Select boxes down $1.74. WTD slaughter estimated at 453K head is on par with last week. On average, the trade expectations are for the Cattle on Feed report today to show about 102% of year ago. April marketings are estimated to be 92.4% of year ago. There will also be a Cold Storage report this afternoon showing April 30 cooler inventories.