Live cattle futures closed with contracts down 47 cents to 12 cents higher. Cash trade was at $247-248 across the country, a $7-8 drop from last week. Feeder cattle futures were 20 to 90 cents lower to close the session. The CME Feeder Cattle Index was back up $2.10 on July 9 to $372.52.
The weekly NASS Crop Progress report showed the US pasture rating at 30% gd/ex, down 3% from the week prior. The Brugler500 index was down 11 points to 277.
