Live cattle futures posted Thursday losses of 82 cents to $2.22 at the close, with August holding for gains of $5.45 last week. Open interest on Thursday was down 373 contracts. Cash trade was slow last week, sales creeping up to $258-260 across the country. Feeder cattle futures were down 30 cents to $1.10 on Friday, as August was still $9.17 higher last week. Open interest was up 453 contracts on Thursday. The CME Feeder Cattle Index was up $3.04 on June 17 to $367.06.
There were a couple more reported cases of new world screwworm in Texas over the weekend, with 2 in cattle in Edwards county, and 1 in a sheep in Crockett county. The total cases have risen to 15, with 12 currently active.