April cattle closed lower for the 5th day in a row yesterday, and down 50 points for the session. A midsession selloff pushed April futures down to their lowest levels since January 10th before futures recovered slightly from the lows. Strength in the stock market and ideas that the beef market will turn higher once supply tightens ahead were thought to have supported the market. Weakness in many commodity markets and concerns about the premium of futures to the cash market were seen as pressuring the market early, as commodity markets reacted to news of a rate hike in China. Snow and cold weather should stress livestock in key western Kansas to northern Texas feedlot regions for a few more days. Many traders will be monitoring the beef market closely over the near-term to see if more normal weather will help to improve short-term restaurant demand back to more normal conditions. If that does occur, they feel that tightening supplies could support a recovery in beef prices soon. Boxed beef cutout values were up 24 cents at mid-session yesterday and closed 15 cents lower at $169.82, which is the lowest beef market since January 14th. The estimated cattle slaughter came in at 127,000 head yesterday. This brings the total for the week so far to 251,000 head, up from 243,000 head last week at this time and up from 241,000 head a year ago.