Live cattle futures are in rally mode, with contracts up $3.45 to $3.95. Cash trade has been light with a few $234-235 sales, with Friday bids at $235. The Thursday Fed Cattle Exchange online auction showed 40 head sold of the 1,024 head offered at $370 dressed, as bids were still $234.50-235.50 live. Feeder cattle futures are trading with $6.30 to $7.32 gains across the front months on Friday The CME Feeder Cattle Index was up $1.46 to $363.24 on March 24.
The Thursday update on the New World Screwworm from APHIS showed more active cases in the bordering state of Tamaulipas, Mexico, taking the total to 40 active. There was 1 new active case reported in Nuevo Leon.
