Cattle Slaughter Pushes Lower at Start of Summer

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Cattle Slaughter Pushes Lower at Start of Summer

Light trade was reported for Monday with most participants testing market values for the first full week of June. Heightened volatility on the CME has continued to create unease on most agricultural markets over the past few weeks. Pressure on porcine and ruminant meat and bonemeal has been indicated from several contacts in the lull between holidays, though values are steady at the start of the week.

For the week ending June 10th, cattle slaughter is forecast at 640,000 head, a 4.6 percent decrease from...

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