Live cattle were down a nickel in soon to expire (today) June, with other contracts falling $1.22 to $2.25. Open interest was down 3,489 contracts on Monday. Cash trade was quiet to on Monday with last week at northern sales of $260 live and $408-410 dressed, with a few sales at $258 in the South. Feeder cattle futures were down $1.60 to $2.37 at the close. The CME Feeder Cattle Index was down 50 cents on June 26 to $380.39.
The weekly NASS Crop Progress report showed the US pasture rating at 34% gd/ex, up 1% from the week prior. The Brugler500 index was up 5 points to 291.
