Live cattle futures are trading with $4 to $5.30 gains in the front months. Cash trade has seen some $260 sales in the South early this week. The Wednesday morning Fed Cattle Exchange online auction showed $260-261.50 sales on 552 of the 1,104 head offered. Feeder cattle futures are up $1.47 in May, with other contracts up $4 to $4.55. The CME Feeder Cattle Index was back down $1.48 to $374.37 on May 11.
The Tuesday APHIS update on the New World Screwworm showed a total of 1,701 active cases of in Mexico as of Monday. There were 139 active cases in the bordering state of Tamaulipas (7 within a range of 96-97 miles of the US border), 51 active in Nuevo Leon (14 within a range of 79-99 miles of the US border), and 15 in Coahuila.
