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Austin Schroeder

Cattle Extending Bounce to Wednesday’s Midday

ARE Live Cattle Fed Cattle Exchange Feeder Cattle SELECT

Live cattle futures are up 27 to 95 cents on Wednesday. Cash trade from last week finished out near $256-257. It has been quiet so far this week, with a few light sales of $400 in NE. The Wednesday Fed Cattle Exchange online auction showed $256 sales on 307 head of the 752 offered. Feeder cattle futures are 92 cent to $1.47 higher at Wednesday’s midday. The CME Feeder Cattle Index was back down 21 cents to $375.33 on May 4. 

The Tuesday APHIS update on the New World Screwworm showed a total of 1,674 active cases of in Mexico as of Monday. There were 126 active cases in the bordering state of Tamaulipas (3 within a range of 96-97 miles of the US border), 21 active in Nuevo Leon (6 within a range of 80-97 miles of the US border), and 4 in Coahuila.

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