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“Stop thinking you’re doing it all wrong. Your path doesn’t look like anybody else’s because it can’t, it shouldn’t, and it won’t.”

— Eleanor Brownn

MONDAY MEME

MARKET REPORT

WEATHER 20/20 REPORT

AGRICULTURE

ETHANOL HELPS OFFSET LOW CORN PRICES
AUTONOMOUS FARMING ATTRACTS NEXT GENERATION
USDA BOOSTS SCREWWORM CONTROL EFFORTS

FINANCE

DAILY REPORTING
FINAL COLUMN REFLECTS CATTLE JOURNEY
SOYBEANS RISE WHILE CORN WEAKENS
OIL EYES REBOUND ON TENSIONS

Introducing CattleChannel: A New Way to CattleUSA

MONDAY MEME

Instagram @respectfulmemes

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When he collects seven he’ll be granted one wish😂

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DAILY MARKET SUMMARY

Close

366.67

364.1

Change

2.57 ▲

_{Friday, April 10}

Farmers and Ranchers Livestock

4,908 Salina, KS

Thursday

Feeder Steers - Medium & Large #1		Feeder Heifers - Medium & Large #1
500-600 lbs	480.00-533.00	400-500 lbs	490.00-540.00
600-700 lbs	425.00-455.00	500-600 lbs	435.00-465.00
700-800 lbs	374.50-411.00	600-700 lbs	357.00-419.00
800-900 lbs	350.00-389.00	700-800 lbs	340.00-374.00
900-1000 lbs	335.00-354.00	800-900 lbs	332.00-343.00

Stockmen's Livestock

4,600 Dickinson, ND

Thursday

Feeder Steers - Medium & Large #1		Feeder Heifers - Medium & Large #1
500-600 lbs	477.00-562.50	400-500 lbs	527.50-575.00
600-700 lbs	416.50-489.00	500-600 lbs	443.00-495.00
700-800 lbs	371.00-430.00	600-700 lbs	381.00-448.00
800-900 lbs	367.00-394.00	700-800 lbs	346.00-382.50
900-1000 lbs	340.00-350.00	800-900 lbs	324.00-340.00

Mitchell Livestock

4,489 Mitchell, SD

Thursday

Feeder Steers - Medium & Large #1		Feeder Heifers - Medium & Large #1
500-600 lbs	499.00-555.00	500-600 lbs	405.00-465.00
600-700 lbs	422.00-459.00	600-700 lbs	372.00-456.00
700-800 lbs	358.00-395.00	700-800 lbs	336.00-375.00
800-900 lbs	347.00-376.00	800-900 lbs	319.00-344.00
900-1000 lbs	319.00-352.50	900-1000 lbs	295.50-317.50

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Friday

Live Cattle		Change	Feeder Cattle		Change
Apr	251.775	2.000 ▲	Apr	374.150	1.625 ▲
Jun	249.200	2.000 ▲	May	372.350	1.925 ▲
Aug	244.750	1.400 ▲	Aug	372.450	2.325 ▲

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Friday

Corn		Change	Soy Beans		Change
May	4.4100	0.0300 ▼	May	11.7575	0.1050 ▲
Jul	4.5125	0.0375 ▼	Jul	11.9125	0.1025 ▲
Sep	4.5625	0.0300 ▼	Aug	11.8250	0.0675 ▲

KANSAS CITY BOARD OF TRADE

Friday

Wheat		Change
May	5.9075	0.0025 ▲
Jul	6.0500	0.0075 ▼
Sep	6.1825	0.0200 ▼

ESTIMATED DAILY CATTLE SLAUGHTER

Friday	83,000	Thursday
Week Ago (est)	96,000	Steer & Heifer: 84,000
Year Ago (act)	95,000	Cow & Bull: 21,000
Wk To Date (est)	508,000
Last Week (est)	525,000
Last Year (est)	559,000

_{Friday, April 10}

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 am	Head Count	Avg Weight	Avg Price
Live Steer	405	1,417	245.58
Live Heifer	1,043	1,327	245.53
Dressed Steer	-	-	-
Dressed Heifer	-	-	-

DAILY ESTIMATED CUTOUT VALUES

600-900#	Choice	Select	*Choice/Select Spread*
Current Cutout Values:	380.90	381.34	-0.44
Change from prior day:	-0.19▼	-0.23▼

DAILY CATTLE SLAUGHTER

Friday	83,000	Thursday
Week Ago	96,000	Steer & Heifer: 84,000
Year Ago (act)	94,976	Cow & Bull: 21,000
Week To Date	508,000
Same Period Last Week	525,000
Same Period Last Year	558,926

ASK JOHN

Lauren is joined by John Campbell once again on the podcast, and this week they break down this week’s cattle market, highlighting continued strength and resilience across regions as demand holds steady heading into spring.

The conversation also dives into beef demand and what’s happening with alternatives, as shifting consumer preferences continue to favor real, whole foods over highly processed options.

Takeaways:

The cattle market continues to show strong resilience across regions
Prices remain steady to higher, even with outside pressures
Demand for beef remains strong heading into spring
Beef alternatives are seeing declining sales and shifting consumer sentiment
Consumers are moving back toward real, whole foods over processed options
Nutrition awareness is playing a bigger role in purchasing decisions

Have a topic you want to hear discussed? Use the button below to send us your request and tune in to CattleUSA TV on YouTube to see the answer 🤠

Ask John

*Do not include personal details like addresses, passwords, financial information or other sensitive data*

_{Friday, April 10}

Join us for a 30-minute interactive webinar built specifically for cow/calf producers looking to better understand and use Livestock Risk Protection (LRP).

We’ll walk through how LRP works, what’s actually at risk in your operation, and how to apply it in real-world scenarios.

We’ll also cover how pricing differs between calves and yearlings, and how to read LRP quotes so you know exactly what you’re getting.

❝

You’ll learn:

LRP fundamentals — what it is and how it works
What’s at risk in your operation and how to manage it
How to apply LRP in real-world scenarios
Price adjustment factors (calves vs. yearlings)
What basis risk is and why it matters
How to read and understand LRP quotes

Save your spot and strengthen your risk management approach!

Click Here to Calculate LRP Rates

❝

Sure glad we've cleaned up all the hard boiled eggs left over from Easter. I don't think the bathroom could take much more abuse in my house. Speaking of abuse, as of 3:05 pm writing this letter, I've heard of 246, 247, 248, 248.50, 249, 249.50, and 249.75 bids from the packers today in the North. They must have it stuck in their heads that if they pay $250, we blow through the ceiling and go to $400 or something. Either that, or the red ink they're back to working with has them feeling like a abused puppy. Just pay the $250 and move on already, it's the cattle business and we all lose money from time to time, just happens to be the packers turn this time. The board is trading $251.775 on the close and left the charts looking pretty healthy. If they don't pay the $250 now, we're just gonna sell the June and trade the likely better basis next week. WTF and FFS, hurry up and get it over with like we pushed through the painted Easter eggs. The longer you drag it out the worse it gets. Have a good weekend.

-Fat cattle kill at 83,000 vs 96,000 a week ago and 94,000 a year ago

-Choice boxes down .19 to $380.90 and select down .23 to $381.34 for a spread of -.44 on 84 loads

-CME feeder index(Feeder LRP Settlement) for 4/9 came in at $366.67

-Fed Cattle LRP’s ending last week settled at $244.85

-Hog kill at 484,000 vs 420,000 a week ago and 476,000 a year ago.

-Afternoon Pork reported up 1.32 at $98.70 on 294 loads

-CME lean hog index on 4/8 reported at 90.29

-CME pork cutout index on 4/9 reported at 97.92

-LRP’s ending 4/8 settled at approximately $90.30

Dan Gerhold

Click here to connect with a CattleUSA Insurance representative

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.

Review our full disclaimer at https://www.logicag.com/disclaimer

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WEATHER 20/20 REPORT

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Most locations from the body of OK to the Great Lakes to OH will see 2”-4” of rain. Some locations will see 3”-6” of rain from MO to southern IA and western IL. All other locations will see 0.50”-2”

CattleUSA has teamed up with Weather 20/20 to bring you exclusive access to long-range weather forecasts using their patent-pending LRC methodology. Plan ahead with confidence and stay ahead of the weather—now at a special discounted rate for CattleUSA users!

AGRICULTURE NEWS

Ethanol Helps Offset Low Corn Prices

A Wisconsin farmer says ethanol production helps cushion low corn prices, with plant ownership providing added income. Strong ethanol values can offset weaker grain markets, improving profitability and supporting farm finances through diversified revenue streams. read more here

Autonomous Farming Attracts Next Generation

Autonomous tractors are reshaping farm work, letting operators manage multiple machines via apps instead of driving. This tech-driven approach appeals to younger workers, helps address labor shortages, and improves precision, efficiency, and sustainability across modern farming operations. read more here

USDA Boosts Screwworm Control Efforts

USDA is advancing sterile insect technology by producing male-only screwworm flies, doubling efficiency without expanding facilities. Combined with new investments and expanded production capacity, the effort strengthens defenses to protect U.S. livestock from potential outbreaks. read more here

FINANCE NEWS

_{Friday, April 10}

MARKETS	PRICE	CHANGE	PERCENT
DOW	47,916.57	- 269.23	0.56% ▼
S&P 500	6,816.89	- 7.77	0.11% ▼
NASDAQ	22,902.89	+ 80.48	0.35% ▲
Russell 2000	2,630.59	- 5.72	0.22% ▼
Gold	4,771.00	- 16.40	0.34% ▼
Silver	76.03	- 0.45	0.59% ▼
Bitcoin	73,118.00	+ 1,314.00	1.83% ▲
Crude Oil	95.63	- 0.94	0.97% ▼

Final Column Reflects Cattle Journey

A longtime cattle marketer reflects on ending his column, sharing lessons from real-world trading, scaling profits, and navigating volatile markets. Emphasizing opportunity in any cycle, he highlights how discipline, adaptability, and passion can build success in the cattle industry. read more here

Soybeans Rise While Corn Weakens

Soybeans and cattle moved higher, supported by strong meal demand and seasonal beef trends, while corn and wheat fell under pressure from ample supplies and improved weather. Hogs declined as futures outpaced cash, highlighting mixed fundamentals across ag markets. read more here

Oil Eyes Rebound On Tensions

Brent crude could rebound after failed U.S.-Iran talks raised the risk of renewed conflict. Ongoing control of the Strait of Hormuz and potential supply disruptions may push prices back toward $100 as markets brace for escalating geopolitical tensions. read more here

CattleUSA Daily Podcast:

305: Drought Expansion, Spotty Rain Chances, and a Critical Spring Outlook with Gary Lezak

303: The Cattle Market is Resilient, Beef Alternatives...Not So Much with John Campbell

303: He Never Planned to Be an Auctioneer — Then He Became a World Champion with Kenneth Wilcox

If you or someone you know would be interested in hopping on the mic to share your story, please contact us at [email protected]. — Video streaming weekdays on YouTube @cattleusatv. Audio available on Spotify, Apple Podcasts & all major streaming platforms.

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You don’t need a perfect plan, just a positive start ✨

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