Live cattle futures were down 57 cents to $1.22 across the board on Tuesday. June futures expired at $258.20. Open interest was down 2,448 contracts on the day. Cash trade has been quiet this week with last week at northern sales of $260 and $258 in the South. Feeder cattle futures were down $2.87 to $3.22 at the close. Open interest suggested new selling interest, up 615 contracts. The CME Feeder Cattle Index was down $2.52 on June 29 to $377.40.
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.
