Live cattle futures are down $1.02 to $1.30 at midday. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures are up 17 to $1.27 lower. The CME Feeder Cattle Index was back down $1.52 on July 3 to $371.11.
The weekly NASS Crop Progress report showed the US pasture rating at 33% gd/ex, down 1% from the week prior. The Brugler500 index was up 3 points to 288.
