Limited movement was noted to start the week as most buyers and sellers test the market amid weakened soybean meal futures pricing. 

Cattle slaughter rebounded last week with a 23.6 percent growth week-over-week with an estimated slaughter of 665,000 head. The previously week’s slaughter of 538,000 head was due to the long Memorial Day weekend combined with JBS closures. Cattle slaughter this week is anticipated to show a modest 2.3 percent decrease from last week with a 660,000 head slaughter. For the next 6 weeks, slaughter is expected to remain within the range of 650 -660 million head, with exception to the July 4

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