Live cattle futures are in rally mode, with contracts up $3.97 to $5.22. Cash trade was mostly $255-258 across the country last week. Feeder cattle futures are rallying $6.07 to $6,40 at midday. The CME Feeder Cattle Index was back down $5.34 on June 12 to $362.67.
The weekly NASS Crop Progress report showed the US pasture rating at 32% gd/ex, up 1% from the week prior. The Brugler500 index was up 2 points to 280.
