Austin Schroeder at Barchart.com said, “Live cattle futures saw June with 37 cent gains on Thursday, trying to keep up with the cash market, as other contracts were down 67 cents to $1.07. Preliminary open interest had been dropping on Thursday, down 3,218 contracts, suggesting some profit taking. Cash trade has been reported at $235-238 in the South so far this week, with dressed action at $380 in the North.” The Hightower Report said, “The USDA estimated cattle slaughter came in at 115,000 head Thursday. This brings the total for the week so far to 456,000 head, down from 477,000 head last week at this time and down from 488,969 a year ago.”