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Barchart
Barchart
Austin Schroeder

Cattle Look to Close Out the Week After Back and Forth Trade

Live Cattle Fed Cattle Exchange Feeder Cattle USDA

Live cattle futures saw weakness of $1.10 to $1.50 across most contracts on Thursday. Open interest was up 820 contracts on Thursday. Cash trade has yet to get kicked off this week, with $232 bids. The Thursday Fed Cattle Exchange online auction showed bids of $232 to $233.50 but no sales on the 1,510 head. Feeder cattle futures were down 72 cents to $1.10, as expiring January was up $1.07. The CME Feeder Cattle Index was back up $2.70 to $366.69 on January 28.

Thursday afternoon’s update from APHIS showed 4 new cases of new world screwworm in Tamaulipas and 1 new case on San Luis Potosi, taking the total active cases in those states to 13.

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