U.S. CATTLE REPORT: Cash trade down $2; Wheat up $2.32 since May 3rd; Feeders down nearly $10 since May 3rd; Chicken prices finally drop; 75 steers (712#) from Kimball, SD bring $168

NATIONAL CATTLE TRACKER: The largest steer and heifer string sold on Tuesday was 252 steers (907#) from Kimball, South Dakota at $155.00. The second largest string was 189 steers (916#) from Kimball, South Dakota at $153.50

NATIONAL CALF TRACKER: The largest calf string sold on Tuesday was 71 steers (473#) from Beaver, Oklahoma at $195.75. The average price paid on Tuesday for the top 10 calf strings was $179.73, compared to $186.05 on Monday

NATIONAL STEER TRACKER: The largest steer string sold on Tuesday on the National Steer Tracker (700-899#) was 131 steers (819#) from St. Mary's, Kansas at $156.00. The average price for the top 10 steer strings sold on Tuesday was $157.39, compared to $153.47 on Monday

CME LIVESTOCK: Live Cattle: $133.475 (-0.425); Feeder Cattle: $166.775 (-0.65) Hogs: $107.75 (+2.95); Milk: $24.54 (+0.13) (Feeders down nearly $10 since May 3rd)

MEATBOARD PM: Boxed Beef Choice: $260.48 (+0.17); Pork Carcass: $102.11 (+0.56); Chicken Breast: $352.80 (-4.31) (Chicken drops, pork and beef steady)

Boxed Beef PM: Choice: $260.48 (+0.17) Select: $248.19 (+2.52); Ch/Se Spread: 12.29; Total Loads: 118 compared to 95 on Monday (Better movement, spread narrows)

Cash Trade Gets Started... Multiple major packers have purchased cattle in the south at $138, some with a 21 day pick up. The negotiated fed cattle market is generally steady with perhaps a big softer feel (The Beef)

USDA estimates daily cattle slaughter at 125K head, compared to 125K last week and 120K last year. WTD slaughter at 249K head, compared to 246K last week and 234K last year (Tue)

CME GRAINS: Corn: $8.0075 (-8.75); Soybeans: $16.78 (+21.50); Wheat: $12.775 (+30.00); Cotton: $148.46 (-2.19) (Wheat up $2.32 since May 3rd)

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