Live cattle futures are trading with contracts up 15 cents to 25 cents lower in the nearbys. Cash trade has yet to get kicked off this week, with sales at $245-246 last week. The Central Stockyards Fed Cattle Exchange online auction saw no bids on the 970 head offered, with reserve prices (asks) at $250 live. Feeder cattle futures are back up 70 cents to $1.25 at midday. The CME Feeder Cattle Index was back up 4 cents to $364.59 on April 4.
The Tuesday APHIS update on New World Screwworm showed 40 active cases in Mexico’s bordering state of Tamaulipas, with 2 active cases in Neuvo Leon.
Wholesale Boxed Beef prices were lower in the Wednesday morning report, with the Chc/Sel at an inverted $4.74. Choice boxes were down $1.21 to $381.53, while Select was 7 cebts lower at $386.26. USDA estimated federally inspected cattle slaughter for Tuesday at 113,000 head, with the weekly total at 211,000. That was down 6,000 head from last week on a revision to Monday and 15,921 head below the same week last year.
Apr 26 Live Cattle are at $248.350, up $0.150,
Jun 26 Live Cattle are at $245.575, down $0.225,
Aug 26 Live Cattle are at $242.175, down $0.200,
Apr 26 Feeder Cattle are at $369.700, up $0.800
May 26 Feeder Cattle are at $367.350, up $0.725
Aug 26 Feeder Cattle are at $367.275, up $1.225
