Cattle futures are trading $0.10 to $1.20 weaker so far. June fats, at $122 so far, expire on Wednesday with no deliveries reported as of 6/25. Cash trade for the week was mostly near $122 in the South and $124-$126 in the North. Feeder cattle futures are back down by triple digits with losses of $0.92 to $2.02 at midday. The 6/24 Feeder Cattle Index from CME was 20 cents weaker to $146.29.  

Wholesale Boxed Beef prices were lower this morning, as Choice fell $1.40 to $303.16 cwt. and Select dropped $1.51 to $274.67. USDA’s estimate for the week’s cattle slaughter through Thursday was 661,000 head. That is down 2,000 head week to week, and 3,000 head below last year. YTD slaughter was estimated at 16.081 million head. 

Jun 21 Cattle  are at $122.000, down $0.825,

Oct 21 Cattle  are at $127.500, down $0.900,

Aug 21 Feeder Cattle  are at $157.525, down $2.025

Sep 21 Feeder Cattle  are at $159.775, down $1.475