Live cattle futures are up $3.67 to $5.02 at midday. Cash trade settled in last week at $239-240 in the South, with Northern sales of $237-238. Feeder cattle futures are trading with gians of $4.47 to $7.50 on Monday, with some back months posting limit gains. The CME Feeder Cattle Index was back down $1.99 at $360.63 on September 18. The weekly OKC feeder cattle auction has an estimated 5,000 head for sale, with a stronger undertone reported early.
Over the weekend Mexico reported a case of the new world screwworm within 70 miles of the US border. That likely leaves the border closed for a more prolonged period, though it is creeping further northward.
