Cattle
•April: day 8 of a sell signal. October: day 2 of a sell signal.
•April feeders: day 1 of a sell signal.
•Cattle trends are mixed.
•Direct cash trade quiet, offers $116-118/cwt.
•Choice beef targets $215-220/cwt.
•Packer margins are $380/head in the black.
•Oklahoma offers $3-4/cwt lower for feeder steers and $1-3/cwt lower for feeder heifers.
•Boxed beef was lower, product may have topped.
•Lower priced corn unable to support Feeder Cattle.
•Technical selling pressured cattle.
•Wholesale choice ribeye record seasonal prices, $9.39/lb, up $2/lb higher vs a year ago.
•Cattle supply limited gains. 
•Support for April cattle expected in the $116-118/cwt range. 
•April holding $3-4/cwt premium to cash.
•Slaughter: 120,000, 119,000 wk ago, 123,000 yr ago.
•Feeder Cattle Index: $138.35 vs $138.91 prior.
•Boxed beef: Choice down 1.50/cwt to $239.03, Select down 2.09/cwt to $227.64, C/S spread $11.39, 85 loads