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Barchart
Barchart
Austin Schroeder

Cattle Look to Close Out the Week

Live cattle futures were down $3 to $3.50 in most contracts at the close. Some new selling interest was noted, up 2,199 contracts. Cash trade got kicked off with some $383 dressed in the North, with some $244-245 live. Southern bids have been $245 The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 1,456 head offered and bids at $244-245.50. Feeder cattle futures were $4.65 to $5.40 lower at the Thursday close. The CME Feeder Cattle Index was down $1.62 to $373.17 on February 24.

The weekly update from APHIS showed 8 new cases of New World Screwworm in Tamaulipas in the last week ending on November 25, taking the total active cases in that bordering state to 10 (including 7 bovine). 

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