Live cattle are 35 cents to $1.20 in the red at midday. Cash trade saw some very light volume $260 live and $408 dressed in the north on Wednesday, with a few bids at $255. The Friday morning Fed Cattle Exchange online auction showed no sales on the 1,636 head offered, with $255 bids. Feeder cattle futures are down $3.47 to $3.70 so far. The CME Feeder Cattle Index was up $6.03 on June 24 to $381.86.
Cold Storage data from Thursday afternoon showed beef stocks at the end of May at 403.474 million lbs. That was a drop of 1.06% from last year and down 0.49% from the end of April.
