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Austin Schroeder

Cattle Facing Weakness on Friday

Live Cattle Fed Cattle Exchange Feeder Cattle United States South

Live cattle futures are 97 cents to $1.65 lower at midday. Cash trade has picked up on Friday to $256 in the South, with the north still seeing bids come in at $256. The Friday Fed Cattle Exchange online auction showed $256 sales on just 40 of the 1,008 head offered, with bids of $255-256. Feeder cattle futures are down $4.07 to $4.47 in most contracts on Friday. The CME Feeder Cattle Index was back up $2.37 on May 27 to $369.63.

The Thursday APHIS update on the New World Screwworm showed a total of 2,072 active cases in Mexico as of Wednesday. There were 182 active cases in the bordering state of Tamaulipas (13 within 74 to 96 miles of the US border), 105 active in Nuevo Leon (20 within 52 to 98 miles of the US border), and 19 in Coahuila (8 within 55 to 91 miles of the US border).

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