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Austin Schroeder

Cattle Rounding Out the Week with Losses

ARE Feeder Cattle Live Cattle Fed Cattle Exchange

Live cattle futures are facing pressure from falling equities, with contracts down $4 to $4.70 at midday. Friday morning’s Fed Cattle Exchange online auction showed sales at $240-242 on 272 of the 1,224 head. Trade outside of that has been $240 in the North. Feeder cattle futures are falling $7.35 to $8.30 across the front months on Friday. The CME Feeder Cattle Index was down another 34 cents to $368.59 on March 4. 

The weekly update from APHIS showed another 8 new cases (4 in bovine) of new world screwworm in Tamaulipas, with the total in the bordering state at 19 active cases.

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