Thursday, April 24, 2008

April skies


Unsettled and cold weather across Idaho has slowed the greenup on the range. Paul Nettleton of Murphy says they're still feeding their cattle hay. Owyhee ranchers like Nettleton say driving cattle to the spring range is still weeks away.

Futures Market Situation and Outlook from Chicago:

April live cattle settled at $90.82 a gain of $.80, June live cattle settled at $92.10 a gain of $.15, and the August live cattle settled at $98.00 a gain of $.20. In the feeder cattle pit, April feeder cattle settled at $101.70 a gain of $.15, May feeder cattle settled at $106.07 a gain of $.05, and the August feeder cattle settled at $109.07 a loss of $.02. The reported CME feeder cattle index for 4/21/08 was $101.10 a gain of $.62.

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