Live cattle futures closed with losses of 45 cents to $1.07 in the nearbys and 17 to 45 cent gains in back months. Open interest was down 5,133 contracts on Tuesday. Cash trade from last week was $260 to $265 across the country. Feeder cattle futures saw back and forth trade, with contracts closing anywhere from 40 cents to 65 cents higher. OI dropped 1,321 contracts. The CME Feeder Cattle Index was up $1.36 to $371.49 on May 25.
The Tuesday APHIS update on the New World Screwworm showed a total of 1,970 active cases of in Mexico as of Monday. There were 168 active cases in the bordering state of Tamaulipas (10 within a range of 79-96 miles of the US border), 96 active in Nuevo Leon (17 within a range of 57-99 miles of the US border), and 15 in Coahuila (5 within 55-80 miles of the US border).
