Live cattle futures posted gains of $1.30 to $3.15 across most contracts on Friday, with October up $7.22 on the week. Cash trade fell into place later last week, with northern dressed action at $385-392 and live trade at $245. Southern trade was up $5 to 240. Feeder cattle futures were rallying on Friday, with gains of $3.97 to $4.75. September was up $15.32 last week. The CME Feeder Cattle Index was up $2.74 to $350.18 on August 21.
Over the weekend a Reuters report indicated the first human case of a New World Screwworm was detected in a person from Maryland who had previously traveled to Guatemala. It must be noted that there have been no animals in the US reported with the worm.
