April cattle finished with the lowest close since January 7th, as the market traded moderately lower for the session with weakness in the cash market, a quiet beef market during the past few sessions and weakness in equity markets all widely seen as negative factors. Some traders have pointed to concern over consumer resistance towards higher prices, and along with ideas that the beef market may be approaching a near-term top were also thought to have weakened the market yesterday. Cash cattle at Texas feedlots traded $1.00 lower at $105.00, and this was seen as pushing February cattle down towards a low of 106.05. News that Taiwan is testing US beef for traces of the growth promotant ractopamine was also seen by some traders as a potentially negative development. The estimated cattle slaughter came in at 126,000 head yesterday. This brings the total for the week so far to 252,000 head, up from 250,000 head last week at this time and up from 246,000 head a year ago. Boxed beef cutout values were up 18 cents at mid-session yesterday, and closed 14 cents lower at $173.28. This was up from $172.81 the prior week.