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Live cattle futures ended the day sharply higher, with April $2.20 higher. Feeder Cattle futures finished $1.125 higher in the April contract, with its last trading day tomorrow. Both Aug 17 and Sep 17 were limit up on the day. The CME feeder cattle index was at $139.44 on 4/25, up 13 cents from the previous day. Wholesale beef prices were mixed in the afternoon report. Choice boxes averaged $219.18, up 17 cents, with select losing 55 cents with an average price of $205.72. Of the 5,448 head in the Fed Cattle Exchange auction this morning, 1,945 head were sold. The majority of the sold were for 17-30 day delivery and averaged $125.42, with the rest having 1-9 and 1-17 day delivery and averaging $131.68 and $129.89 respectively. Most of the cattle in the North were asking $133-$135, with the 17-30 day delivery starting at $125, and the South asking $129-$132. Estimated FI cattle slaughter was 347,000 head through Wednesday, up 8,000 from a week ago and 12,000 head from the same Wednesday in 2016.
Apr 17 Cattle settled at $132.025, up $2.200,
Jun 17 Cattle settled at $118.525, up $2.700,
Aug 17 Cattle settled at $114.775, up $2.725,
Apr 17 Feeder Cattle settled at $139.850, up $1.125
May 17 Feeder Cattle settled at $142.075, up $4.400
Aug 17 Feeder Cattle settled at $145.850, up $4.500