Live cattle are trading off their lows for midday by $2, but are still 37 to 55 cents weaker. The June contracts were a net 97c weaker through the month of March, after a wide monthly range from -$4.80 to +$5.40. USDA reported Thursday cash trade from $184 to $189, but cited the bulk of action ~$2 lower wk/wk at $186.
Feeder cattle futures are starting the new week and the new month with 30 to 95 cent gains through midday. Futures have already seen a $3.50 range for the session. USDA reported 3.5k feeders were sold in the weekly OKC feeder auction. CME Feeder Cattle index was $248.99 on 3/27.
