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Barchart
Barchart
Austin Schroeder

Cattle Trading Mixed on Friday

ARE Live Cattle Fed Cattle Exchange Feeder Cattle

Live cattle futures are trading with 47 cent gains in nearby February, with other contracts slightly lower. Cash trade remains quiet so far this week. There are a few bids of 238 in the North this morning. The Friday morning Fed Cattle Exchange online auction showed sales on 138 head at $246 using the BidTheGrid™ method and 40 head at $378 dressed. The other 1,094 head were unsold, with bids of $240-241. Feeder cattle futures are up 57 cents in March, with other contracts down 10 to 55 cents. The CME Feeder Cattle Index was back down 49 cents to $373.87 on February 11. The markets will be closed on Monday for President’s Day.

The Thursday APHIS update on the New World Screwworm showed just one new active case in Tamaulipas this last week, taking the total active cases to 3 in that bordering state.

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