Live cattle futures were 52 cents to $1.32 higher on Wednesday. Open interest was down 1,801 contracts on Wednesday. Cash trade saw some light $260 live and $408 dressed in the north on Wednesday. The Wednesday morning, Fed Cattle Exchange online auction showed no sales on the 1,636 head offered, with bids at $255. Feeders were the bull leaders on Wednesday, with contracts $1.50 to $4.77 higher at the close. OI was up just 617 contracts. The CME Feeder Cattle Index was up $2.83 on June 23 to $375.83.
USDA’s APHIS reported another 3 cases of new world screwworm in Texas confirmed on Tuesday, all in Terrell county, taking the total to 19 cases with 16 currently active.
