Live cattle futures are slipping back 17 to 30 cents in the front months on Wednesday. Cash trade has been quiet so far this week. The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 1,026 head offered, with bids of $233-234. Feeder cattle futures are falling back $1.50 to $1.75 at midday. The CME Feeder Cattle Index was down another $1.30 to $357.05 on March 13.
The Tuesday update from APHIS on New World Screwworm south of the border showed 1,025 active cases in Mexico. Of that, 28 are in the bordering state of Tamaulipas
