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Austin Schroeder

Cattle Back to Rally Mode on Wednesday

Feeder Cattle Live Cattle Fed Cattle Exchange United States

Live cattle futures are showing $3.35 to $3.90 so far on Wednesday. Cash trade has been limited so far, with last week at $260 to $265 across the country. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,008 head offered, with bids of $255. Feeder cattle futures are trading with $5.45 to $6.05 gains across the front months on Wednesday. The CME Feeder Cattle Index was up $1.36 to $371.49 on May 25.

The Tuesday APHIS update on the New World Screwworm showed a total of 1,970 active cases of in Mexico as of Monday. There were 168 active cases in the bordering state of Tamaulipas (10 within a range of 79-96 miles of the US border), 96 active in Nuevo Leon (17 within a range of 57-99 miles of the US border), and 15 in Coahuila (5 within 55-80 miles of the US border).

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