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Live cattle and feeder futures settled higher on the day. Cash cattle traded from $160 to $161 in NE and KS yesterday, with dressed sales reported at $253. Weekly beef export sales reported by the USDA this morning were 18,800 MT. That was more than double the volume reported for the prior week, and was the second largest weekly total since the first of the year. Wholesale beef prices were down from yesterday 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 Friday Cattle on Feed report 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 published on Friday afternoon.
Jun 15 Cattle closed at $152.375, up $1.025,
Aug 15 Cattle closed at $150.900, up $1.175,
Oct 15 Cattle closed at $152.625, up $1.225,
May 15 Feeder Cattle closed at $220.100, up $0.375
Aug 15 Feeder Cattle closed at $217.725, up $1.025
Sep 15 Feeder Cattle closed at $216.825, up $0.950