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Austin Schroeder

Cattle Bulls Fight Back on Wednesday

ARE Live Cattle Fed Cattle Exchange Feeder Cattle USDA

Live cattle futures are $4 to $7 higher across most contracts on Wednesday, as futures are bouncing back. Cash trade started a little early this week, falling $5-9 in NE to $230 on Monday. Other bids have been reported at $228-230. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,706 head, with $230 bids on a few. Feeder cattle futures are up $3.87 in the soon to expire (Thursday) October contract, with other months up double digits. The CME Feeder Cattle Index fell $7.30 at $360.25 on October 27. CME has expanded limits for both live cattle ($10.75) and feeder cattle ($13.75) for Wednesday. 

The Mexican ag minister on Wednesday morning stated the US and Mexico have not agreed on a date to reopen the southern border for cattle imports.

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