Live cattle futures posted 65 cent to $2.15 gains on Thursday, with April $7.70 higher on the week. Cash trade got kicked off with strength on Thursday, with trade at $245 across the country, up $10 from last week. The Thursday morning Fed Cattle exchange showed no sales on the 1,016 head offered, with limited bids of $238-239.50. Feeder cattle futures were $2.15 to $2.77 cents in the green at the close, as May was up $11.45 this week. The CME Feeder Cattle Index was down 1 cent to $366.81 on April 1. The market is closed on Friday in observance of Good Friday.
The Thursday APHIS update showed 41 active cases of New World Screwworm in Mexico’s bordering state of Tamaulipas as of April 1, with 2 active cases in Nuevo Leon.
