April cattle saw a strong recovery from early lows to close higher during yesterday's session. A slide in the US dollar and the recovery in the US stock market were factors which help to support a recovery from early lows. The rally in grain markets also supported a more positive tone for commodities even with the weakness in outside market forces. The early break pushed the market down to the lowest level since January 19th before the late session recovery. Steep losses for packer margins remain a concern for the market and many traders are fearful that a cut-back in slaughter could cause some cattle to back up on feedlots. The estimated cattle slaughter came in at 124,000 head yesterday, which was well above trade expectations and considered a positive development. This was up from 114,000 head last week but down from 125,000 head a year ago as this time. Boxed beef cutout values were up 90 cents at mid-session yesterday and closed $1.54 higher at $184.66. This was up from $182.88 the prior week and is the highest beef market since January 25th. Cash cattle in Texas and Kansas traded $1.00 lower on the week last week to $123.00.