Live cattle futures are down $2.10 to $5.05 at midday. Cash trade was picked up at $230-231 across the country last week. Feeder cattle futures are collapsing on Monday with losses of $7.75 to the $10.75 limit. The CME Feeder Cattle Index was down another $1.07 on July 23 to $349.65.
Late on Friday the USDA stated they plan to resume imports of Mexican cattle in by August 23 at the Douglas, AZ port of entry and two additional ports in NM at a later time.
