Live cattle futures are falling $3 to $4.55 at Tuesday’s midday. Cash trade has yet to get kicked off this week. Last week was reported at $235 in TX and $233-238 KS, with northern business at $380 dressed and $240-242 live trade in NE. Feeder cattle futures are giving back all of Monday’s gains, with losses of $4.90 to $5.35. The CME Feeder Cattle Index was down $3.21 on June 13 with an average price of $313.89.

National Wholesale Boxed Beef price action continued higher in the Tuesday morning USDA report, with the Chc/Sel spread at $14.92. Choice boxes were up another $3.07 to $385.18, while Select was quoted $2.79 higher at $370.26/cwt. USDA’s Federally inspected cattle slaughter for Monday was estimated at 103,000 head. That is 9,000 head below the week prior and 12,735 head below the same week last year.

Jun 25 Live Cattle  are at $224.025, down $3.000,

Aug 25 Live Cattle  are at $211.000, down $4.550,

Oct 25 Live Cattle  are at $209.050, down $3.850,

Aug 25 Feeder Cattle  are at $304.875, down $5.350

Sep 25 Feeder Cattle  are at $304.500, down $5.075

Oct 25 Feeder Cattle  are at $302.475, down $4.900