Live cattle futures posted gains of a dime to $1.20 across the board on Tuesday. Cash trade has been limited so far this week after $260-265 sales last week. Feeder cattle futures were in rally mode on Tuesday, up $4.35 to $4.80 at the close, with front month May up 77 cents. The CME Feeder Cattle Index was down $2.46 to $367.63 on May 15.
The Tuesday APHIS update on the New World Screwworm showed a total of 1,889 active cases of in Mexico as of Monday. There were 156 active cases in the bordering state of Tamaulipas (7 within a range of 82-96 miles of the US border), 48 active in Nuevo Leon (14 within a range of 57-99 miles of the US border), and 15 in Coahuila (1 within 72 miles of the US border).
