Live cattle futures were down $2.65 to $4.925 at the Monday close. Cash trade was mainly $256-258 last week, with the early week action thus far compiling showlists. Feeder cattle futures were down $2.37 to $3.52 at the close. The CME Feeder Cattle Index was up another $5.63 on June 5 to $367.01. The weekly OKC feeder cattle auction has an estimated 4,540 head sold today, with the action steady to $5 higher on feeder steers to up $10, as heifers were $2-8 higher. Calves were $10-20 lower on steers and down $2-8 for heifers.
The weekly NASS Crop Progress report showed the US pasture rating at 31% gd/ex, up 1% from the week prior. The Brugler500 index was up 6 points to 278.
