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Barchart
Austin Schroeder

Cattle Rally Continuing on Wednesday

Live cattle futures are trading with $1.20 to $1.37 gains on Wednesday. Cash trade has yet to be reported this week. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,800 head offered, with a few bids of $224-224.50 live and $349 dressed. Feeder cattle futures are showing gains of $1.30 to $3.05 on Wednesday and leading the charge. The CME Feeder Cattle Index was back down $1.29 on October 19 to $342.16.

On Tuesday, USDA Secretary Rollins announced the next steps in the phased reopening of the border will include the Columbus, NM crossing on October 26. The Nogales, AZ crossing is set to reopen on November 30.

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