Live cattle futures are trading with $1.44 to $1.55 losses on Wednesday. Early cash trade this week has been quiet with a few light sales of $246 floating around in KS, but not enough for a trend. The Wednesday morning Fed Cattle Exchange showed no sales on the 1,226 head offered, with bids of $246-246.50. Feeder cattle futures are showing 17 cent to $1.55 losses at Wednesday’s midday. The CME Feeder Cattle Index was down $1.32 to $374.37 on April 20.
The Tuesday update from APHIS on the New World Screwworm showed active cases in Mexico at 1,395. There were 102 active cases in the bordering state of Tamaulipas, with 5 reported in Nuevo Leon.
