Cattle Commentary: June cattle futures managed to stabilize at the end of the day, finishing the day in a relatively tight range. If the board continues to stabilize, we would look for cash to follow suit. The bulk of last week’s cash trade came in from 115-117, roughly 2.00 higher than last year. The USDA’s monthly Cold Storage report will be out on Wednesday, but the big-ticket item is Friday’s Cattle on Feed report. Early estimates are as follows: On Feed: 102.7%, Placements 112.5%, and Marketings at 106.6%.
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