# Marketline Report Friday June 2nd - AG INFORMATION NETWORK OF THE WEST

> Live cattle futures rose sharply on the CME, with the June contract trading limit up in some live and feeder cattle contracts. Cash cattle traded in the mid-130s and boxed beef was strong. Grain closes showed July CBOT wheat down a quarter cent at 4.29½ and July corn down 1½ cents at 3.70¾, and June Class III milk fell $0.08 to $16.62.

- Date: 2017-06-02 · published 2017-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4355-marketline-report-friday-june-2nd-ag-information-network-of-the-west
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Tight cattle supplies and strong cash and boxed beef prices push live and feeder cattle higher, while softer grain and milk closes add modest pressure to feed and dairy values.

## Read by commodity

- CORN: bearish ▼
- MILK: bearish ▼
- WHEAT: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- aginfo.net: https://www.aginfo.net/report/37246/Marketline-Report-Friday-June-2nd

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.