**Live Cattle Futures Rise Amid Increased Prices and Screwworm Confirmation**
On Thursday, live cattle futures experienced significant gains, ranging from $2.55 to $4.80, prompting expanded limit prices to $12.75. The cash trade for cattle reached $256-257, with dress sales around $405-$405.50. The USDA confirmed a case of New World Screwworm in Zavala County, South Texas, affecting a 3-week-old calf. Currently, there are 2,077 active cases in Mexico, with several located close to the U.S. border.
Additionally, feeder cattle futures surged by $10.40 to $10.75 in response to the screwworm confirmation, leading to expanded limit prices of $16. The CME Feeder Cattle Index showed a decrease to $359.21. In terms of cattle slaughter, the USDA estimated 108,000 head for Thursday, totaling 428,000 for the week, which is down 49,665 from the same period last year.
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