
Live cattle futures are slipping lower at midday, down $1.50 to $1.70 so far. Cash trade has started to pick up, with $233 reported in the North on Friday, and $232 South bids. The Friday morning Fed Cattle Exchange online auction showed no sales, with bids of just $230-231. Feeder cattle futures are down $2.30 to $3.60 so far on Friday’s midday. The CME Feeder Cattle Index was up another $4.92 to $368.07 on January 7.
The Thursday update from APHIS showed more active cases of New World Screwworm in several states in Mexico, including Tamaulipas and San Luis Potosi.