Cattle Extending Losses to Tuesday

Live cattle futures are trading with 75 cent to $1.30 losses across most contracts on Tuesday. Cash trade was quiet 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 are down $3.37 to $3.45 at midday. The CME Feeder Cattle Index was down 48 cents on June 26 to $379.92.

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.

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