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In this Feeder Flash report for April 12, Corvett Wall discusses market trends and pricing for feeder cattle, mentioning that the basis has narrowed recently. The cash markets have come down, with the fat basis at approximately $2 in the South and $4 in the North. For feeder cattle, the basis is about $5 below the realtime index and slightly over $4 below the CME cash feeder cattle index. Despite these developments, Wall notes a persistent gap and highlights concerns about the board's performance as they enter the spot month in April. The report emphasizes the volatility and challenges in the current market climate for cattle producers.
