
Live cattle futures held onto the Thursday gains, with contracts 75 cents to $1.25 higher. Cash trade has been quiet so far this week with a few dressed sales of $365 so far in the North and $228-232 live. The Thursday morning Fed Cattle Exchange online auction showed no sales, with bids of just $230. Feeder cattle futures closed the Thursday session with gains of $1.95 to $2.90. 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.