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Barchart
Barchart
Austin Schroeder

Cattle Collapsing on Friday

ARE Feeder Cattle Live Cattle Fed Cattle Exchange USDA

Live cattle futures are down $4.25 to $4.85 lower so far on Friday. Cash trade saw some Thursday sales in the north at $232-235. The Friday morning Fed Cattle Exchange online auction showed sales of $232 on 298 of the 974 head offered. Feeder cattle futures are back down $7.15 to $8.75 at midday, giving back much of the strength from this week. The CME Feeder Cattle Index was up 27 cents to $369.42 on January 13.  The markets will be off on Monday for the Martin Luther King Jr. Day holiday. 

USDA’s APHIS website showed several new cases of New World Screwworm in Mexico over the last week, including 6 new cases in Tamaulipas, a bordering state to the US. Active cases in that state are up to 8. 

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