Live cattle futures are rallying in nearby April, up $3.27 to follow cash. Other contracts are 85 cents higher to 20 cents lower. Cash trade got kicked off early again this week, starting at $250-252 across the country and working up to $256 at Wednesday’s midday. The Fed cattle exchange online auction showed sales on 517 of the 1,036 head offered, at $256-258, with one dressed lot at $404. Feeder cattle futures are mixed, with front month and soon to expire (tomorrow) April up 27 cents and other contracts down 85 cents to $1.30. The CME Feeder Cattle Index was up 28 cents to $369.62 on April 27.
The Tuesday APHIS update showed 1,416 active cases of New World Screwworm across Mexico, with 120 active cases in the bordering state of Tamaulipas and 11 in Nuevo Leon.
