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Austin Schroeder

Cattle Pulling Off Early Lows on Wednesday

Live Cattle Fed Cattle Exchange Feeder Cattle United States

Live cattle futures started Wednesday with losses, but is slowly pulling off to post midday losses of just 17 to 85 cents. Cash trade started to creep in this week at $255 this week, with $256 bids reported this morning. The Wednesday Fed Cattle Exchange showed sales of $257 on 70 of the 1,256 head offered, with other bids of $250-254. Feeder cattle futures are down $2 to $2.60 in the nearby contracts, after facing early sharp losses. The CME Feeder Cattle Index was down $2.88 on June 1 to $364.26.

The Tuesday APHIS update on the New World Screwworm showed a total of 1,981 active cases of in Mexico as of Monday. There were 181 active cases in the bordering state of Tamaulipas (15 within a range of 74-98 miles of the US border), 96 active in Nuevo Leon (28 within a range of 52-98 miles of the US border), and 31 in Coahuila (18 within 25-97 miles of the US border).

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