Live cattle futures are up 22 cents to 85 cents lower. Cash trade from this week has been $260 to $265 across the country. The Friday Fed Cattle Exchange online auction showed $259 sales on 104 of the 652 head offered, with $258 bids on the remaining. Feeder cattle futures are trading with contracts pulling off the lows, but still down $7.72 to $8.60. Feeders will expanded limits of $13.75 on Friday, with expanded live cattle limits of $10.75. The CME Feeder Cattle Index was down $1.72 to $370.72 on May 20. The CME will be closed on Monday for Memorial Day, with the Tuesday session showing a normal open.
The Thursday APHIS update on the New World Screwworm showed a total of 2,014 active cases of in Mexico as of Wednesday. There were 150 active cases in the bordering state of Tamaulipas (8 within a range of 82-96 miles of the US border), 94 active in Nuevo Leon (14 within a range of 57-99 miles of the US border), and 15 in Coahuila (1 within 72 miles of the US border).
