Livestock Roundup and Dairy!

Live Cattle (June)

Yesterday morning the USDA announced a marketing-year high for export sales, stating that the Netherlands bought 33,700 metric tons. After the market closed, the USDA came out and said that was incorrectly reported and a correction would be made in next week’s report (Not a good look for a Department that already lacks public trust in some of their reporting). Cash cattle has been stagnant, ranging from 119-120 in the south and 120-121 in the north. This week’s slaughter is on pace to be the largest of the month, good to see that moving in the right direction. The monthly Cattle on Feed report will be out after the close, the estimates are as follow: