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Austin Schroeder

Cattle Fading Back on Wednesday

ARE Feeder Cattle Live Cattle Fed Cattle Exchange

Live cattle futures are down $1.45 to $1.75 on Wednesday. Cash trade has yet to get kicked off this week. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,024 head offered, as bids were $233-235 live and $369 in the beef. Feeder cattle futures are up 50 cents in soon to expire March, with other contracts down $1.50 to $2.15. The CME Feeder Cattle Index was back up 26 cents to $361.59 on March 23. 

The Tuesday APHIS update on new world screwworm showed 33 active cases in the bordering Mexican state of Tamaulipas.

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