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Austin Schroeder

Cattle Fall From Highs as Traders Reject Thursday Rally

ARE Live Cattle Central Stockyards Fed Cattle Exchange South Feeder Cattle USDA

Live cattle futures are falling $1.40 to $1.70 at midday. Cash trade saw very light $225 Southern action reported on Tuesday. Bids are showing up at $223-227 so far on Thursday in the South. The Thursday morning Fed Cattle Exchange online auction from Central Stockyards, showed no sales on the 928 head, with bids of just $220-221. Feeder cattle futures are trading with midday losses of 60 to 82 cents after failing to hold the gap higher from the open. The CME Feeder Cattle Index was up $5.36 to $316.76 on July 8.

Following discovery of a case of New World Screwworm just 370 miles south of the US/Mexico border, USDA Secretary Rollins announced the suspension of animal imports from Mexico late on Wednesday.

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